A newly amended complaint filed by renowned civil rights and personal injury attorneys Ben Crump, Adam Levitt, and Hassan Zavareei has shed light on alleged discriminatory lending practices by Navy Federal Credit Union. The lawsuit, representing Black, Latino, and Native American plaintiffs who sought home loans with Navy Federal, paints a disturbing picture of unequal treatment in the lending process.
According to the complaint, Navy Federal’s own data reveals a stark pattern of discrimination. African American home loan applications were denied at a staggering rate of 52%, Latino applications at 44%, while White applicants faced denial at just 23%. Furthermore, the complaint highlights how Navy Federal approved a higher percentage of applications from White borrowers with lower incomes compared to Black borrowers with significantly higher incomes.
The implications of such discriminatory practices are far-reaching, particularly considering Navy Federal’s customer base primarily comprises active-duty military personnel, military families, and veterans. This means that when Navy Federal engages in discriminatory lending, it directly harms current and former members of the armed forces and their families.
The legal teams involved in this case are renowned for their dedication to achieving justice and holding powerful entities accountable. Ben Crump Law, known for spearheading civil rights movements and advocating for marginalized communities, is committed to ensuring fairness and equality under the law. DiCello Levitt, recognized for its exceptional litigation skills, is dedicated to securing justice for those who have suffered harm. Tycko & Zavareei LLP, champions of economic justice, fight against unfair practices and represent consumers and whistleblowers in impactful litigation.
As this lawsuit unfolds, it underscores the importance of combating discriminatory practices and upholding the rights of all individuals, regardless of race or ethnicity. Through their relentless pursuit of justice, the legal teams involved aim to expose and rectify injustices in the lending industry, ensuring equal access to financial opportunities for all.