In a monumental turn of events, the country's largest credit union, Navy Federal Credit Union, is embroiled in a class-action lawsuit accusing it of racial discrimination. Navy Federal is alleged to have discriminatory practices against black and Latino borrowers. This legal action follows closely on the heels of an investigation which revealed the broad disparity in how the credit union approved and denied conventional mortgage loans.
The class-action lawsuit was filed by three law firms, which prominently includes renowned civil rights attorney Benjamin Crump's firm. The legal suit was filed against Navy Federal in the federal court of Virginia on a recent Sunday. The lawsuit strongly argues that the institution, despite its claims of supporting the community, systematically discriminates in housing, highlighting the violation of federal law.
