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Search resuls for: "Debo Adegbile"


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The nearly 29-percentage-point gap in Navy Federal’s approval rates was the widest of any of the 50 lenders that originated the most mortgage loans in 2022. In addition, an analysis by staff of the Senate Banking Committee, which 10 Democratic senators cited in a letter asking federal regulators to review Navy Federal’s mortgage lending earlier this year, also found racial disparities in Navy Federal’s mortgage approval rates based on the publicly available data. A spokesperson for Navy Federal did not respond to a request for additional details about the analysis. Navy Federal described Adegbile’s analysis as an “external review,” but his law firm, WilmerHale, is also defending Navy Federal in a class-action lawsuit from Black and Latino borrowers who allege the credit union discriminated against them in mortgage applications. “Navy Federal should immediately put out the full investigative report and data analysis so that Navy Federal’s members have an opportunity for themselves to review the findings,” the statement said.
Persons: hadn’t, , , Debo Adegbile, ” Adegbile, WilmerHale, – Ben Crump, Adam Levitt, Hassan Zavareei –, Adegbile Organizations: CNN, Navy Federal Credit Union, Department of Defense, Federal, Consumer Financial, Bureau, Banking Committee, Navy Federal, U.S . Commission, Civil Rights Locations: Black, Navy
President Joe Biden has approved a major disaster declaration for Puerto Rico as it reels from Hurricane Fiona, Gov. The administrator of the Federal Emergency Management Agency, Deanne Criswell, began touring affected communities in Puerto Rico on Tuesday, conducting initial damage assessments to support the governor's request. A man on Tuesday collects donated water bottles for drinking after Hurricane Fiona damaged water supplies in Toa Baja, Puerto Rico. Hurricane Fiona is the first major hurricane to directly hit Puerto Rico since it was ravaged by Hurricane Maria five years ago. "With regard to Hurricane Maria, the people of Puerto Rico, we believe, were treated in a manner inconsistent with the mandate toward equality, fairness and impartiality," Yaki said.
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