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Attorneys representing Navy Federal Credit Union members in a class action lawsuit lambasted the financial cooperative on Monday for not disclosing an analysis that claims it found no race-based decision making in Navy Federal's mortgage underwriting.
Soon after a CNN report aired in December that the nation's largest credit union has the widest racial disparity in approval rates among the country's 50 largest mortgage originators, Navy Federal hired civil rights lawyer and former commissioner of the U.S. Commission on Civil Rights, Debo Adegbile. His task was to review and assess Navy Federal mortgage lending policies and practices and make recommendations to drive further access to home ownership.
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