Tag Archives: Navy Federal Credit Union

A group of 10 U.S. Senators have issued a letter to the heads of HUD and the CFPB calling for an examination of Navy Federal Credit Union’s practices after a report claimed the institution was more than twice as likely to deny loans for Black applicants as white applicants.

The nation’s largest credit union—Navy Federal—has been found to have “the widest disparity in mortgage approval rates between White and Black borrowers of any major lender,” according to a CNN study of CFPB lending data.