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silverline technologies limited (500389) stock experiences sudden dip ✌️【Long-Term Investment】✌️ Receive professional stock analysis with real-time updates on market movements. Make quick investment decisions and capitalize on profitable opportunities. Members of Congress pressed the CEO of the nation’s largest credit union for answers about racial disparities in its mortgage lending during a Capitol Hill meeting Thursday but said they left unsatisfied with her responses.

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But members of Congress said they still had concerns about the mortgage practices ofNavy Federal, which has more than 13 million members and lends to military servicemembers, defense personnel, veterans and their families.

“We’re trying to achieve the goal of closing the racial wealth gap in America,” said Rep. Steven Horsford, a Nevada Democrat, after meeting with McDuffie. “You cannot do that with practices like this that deny equal opportunity to homeownership.”

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silverline technologies limited (500389) stock experiences sudden dip ✌️【Long-Term Investment】✌️ Free stock data analysis tools to help you select stocks accurately and capture global market trends. Stay ahead with expert market predictions for better investment returns. Navy Federal has previously argued that 【 - Free Stock Market Strategy Classes 】’s analysis is incomplete because it did not include applicants’ credit scores or information about their available cash deposits or relationship history with the lender – none of which is publicly available in the public federal data. The credit union has declined to provide 【 - Free Stock Market Strategy Classes 】 any data that would make it possible to analyze those factors.

silverline technologies limited (500389) stock experiences sudden dip ✌️【Long-Term Investment】✌️ Real-time stock and futures data, backed by expert stock market trend predictions, to help you make timely and profitable investment decisions. The credit union is “committed to engaging with policymakers on this important issue” and “we continue to work daily to help expand economic opportunity and access to credit for our diverse community of members,” the spokesperson said.

But Cleaver told 【 - Free Stock Market Strategy Classes 】 after the meeting that McDuffie and other Navy Federal representatives “could not provide an answer” explaining the racial disparities in mortgage approvals, and that he hoped to hear more from them in the future. “We’re expecting to have another meeting with them, we’re expecting to get facts this time,” he said.

Horsford said that the members “asked very specific questions about the timeline” of Navy Federal’s external review, and found the responses from Navy Federal “inadequate.”

“Time is of the essence, because every single day that they don’t change or update their protocols is a servicemember, and particularly a Black or Latino servicemember, who is facing denials,” he said.

silverline technologies limited (500389) stock experiences sudden dip ✌️【Long-Term Investment】✌️ AI-driven stock trend forecasting with free access to real-time market data, offering personalized investment advice and expert predictions. Navy Federal has also noted that a higher percentage of its mortgage loans go to Black borrowers than most other large lenders. But Horsford said Thursday that that excuse didn’t address “the issue of denials.”

“More than 40% of our servicemembers, active duty, are people of color,” he said. “So yeah, they are one of the leading lenders and mortgage lenders for Black home loans – because they have a higher percentage of servicemembers who are their membership. It should be higher.”

silverline technologies limited (500389) stock experiences sudden dip ✌️【Long-Term Investment】✌️ Real-time stock market data, precise predictions, and investment strategies to help you optimize your portfolio and achieve financial success. Several Democrats on the House Financial Services Committee, including Cleaver and ranking member Rep. Maxine Waters, a California Democrat, wrote a letter last weekaskingthe committee’s Republican chair to hold a hearing on the racial disparities in Navy Federal’s mortgage lending.

silverline technologies limited (500389) stock experiences sudden dip ✌️【Long-Term Investment】✌️ Free expert predictions on stock trends and real-time data to help you make informed decisions and grow your wealth steadily. And ten Democratic senators have separatelyaskedfederal regulators to examine Navy Federal’s mortgage practices, citing both 【 - Free Stock Market Strategy Classes 】 and a separate analysis of public mortgage data by Senate banking committee staff that also found racial disparities in its lending.

silverline technologies limited (500389) stock experiences sudden dip ✌️【Long-Term Investment】✌️ Accurate real-time market data and expert stock predictions for profitable investment opportunities in global markets. Navy Federal is also facing a federal class-actionlawsuitfrom mortgage applicants who cite 【 - Free Stock Market Strategy Classes 】’s reporting and allege that the credit union discriminated against them. A judge approved a motion to consolidate three separate lawsuits against the credit union into a single case last month.

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