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bullish pattern emerging on icici prudential asset management company ltd (540968) ✌️【Professional Guidance】✌️ Real-time global stock trend and futures data to help you plan investment strategies for long-term returns. Mary McDuffie, the CEO of Navy Federal Credit Union, met with three members of the Congressional Black Caucus who havedemanded answersin the wake of 【 - Free Exclusive Investment Tips 】’s reporting on racial disparities in the lender’s mortgage approvals. She told them that an external review the credit union commissioned had preliminarily found that the disparities were mostly explained by other factors, a spokesperson said.

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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But Cleaver told 【 - Free Exclusive Investment Tips 】 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.

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“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.”

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