Entities
Federal Navy Credit Union Customers
Incidents Harmed By
Incident 6183 Report
Navy Federal Credit Union Faces Allegations of Racial Bias in Mortgage Approvals
2023-12-14
Navy Federal Credit Union, serving military members and veterans, faced allegations of racial bias in its mortgage approval process, which relies on automated underwriting technology. In 2022, data revealed significant disparities in loan approvals, with over 50% of Black applicants denied, compared to higher approval rates for white applicants.
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Related Entities
Other entities that are related to the same incident. For example, if the developer of an incident is this entity but the deployer is another entity, they are marked as related entities.