Colony Ridge Victims Protest Proposed Settlement that Leaves Them Out - Reduce Flooding {"@context":"https://schema.org","@graph":[{"@type":"Article","@id":"https://reduceflooding.com/2026/03/05/colony-ridge-victi
Colony Ridge Victims Protest Proposed Settlement that Leaves Them Out - Reduce Flooding
{"@context":"https://schema.org","@graph":[{"@type":"Article","@id":"https://reduceflooding.com/2026/03/05/colony-ridge-victi
Source: Reduce Flooding Blog - Bob Rehak
Date: 03/05/2026 11:58am
Article Summary:
Colony Ridge Victims and Advocacy Groups Protest Settlement That Excludes Compensation for Past Harm
Eight advocacy groups plan to protest a proposed legal settlement between Colony Ridge, the State of Texas and the U.S. Consumer Financial Protection Bureau, arguing it fails to compensate tens of thousands of alleged victims of predatory lending and deceptive sales practices. While the agreement would require infrastructure upgrades, increased law enforcement funding and reforms to future sales practices, critics say it would seal the cases and leave past buyers without financial relief or options to escape existing contracts. A federal judge in Houston is set to consider objections to the settlement on March 6.
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Date: 03/05/2026 11:58am
Article Summary:
Colony Ridge Victims and Advocacy Groups Protest Settlement That Excludes Compensation for Past Harm
Eight advocacy groups plan to protest a proposed legal settlement between Colony Ridge, the State of Texas and the U.S. Consumer Financial Protection Bureau, arguing it fails to compensate tens of thousands of alleged victims of predatory lending and deceptive sales practices. While the agreement would require infrastructure upgrades, increased law enforcement funding and reforms to future sales practices, critics say it would seal the cases and leave past buyers without financial relief or options to escape existing contracts. A federal judge in Houston is set to consider objections to the settlement on March 6.
Read article here »