Texas U.S. Attorney: Justice Department and Consumer Financial Protection Bureau Sue Texas-Based Developer and Lender Colony Ridge for Bait-and-Switch Land Sales and Predatory Financing
December 21, 2023
December 21, 2023
HOUSTON, Texas, Dec. 21 -- The office of the U.S. Attorney for the Southern District of Texas posted the following news release on Dec. 20, 2023:
The Justice Department and Consumer Financial Protection Bureau (CFPB) have sued Colony Ridge for operating an illegal land sales scheme and targeting tens of thousands of Hispanic borrowers with false statements and predatory loans.
"Today's complaint alleges that Colony Ridge targeted Hispanic consumers with predatory l . . .
The Justice Department and Consumer Financial Protection Bureau (CFPB) have sued Colony Ridge for operating an illegal land sales scheme and targeting tens of thousands of Hispanic borrowers with false statements and predatory loans.
"Today's complaint alleges that Colony Ridge targeted Hispanic consumers with predatory l . . .