Civil Rights Division Secures $68M Settlement in Predatory Land Sales and Lending Lawsuit
Civil Rights Division Secures $68M Settlement in Predatory Land Sales and Lending Lawsuit
Source: Montgomery County Police Reporter
Date: 02/10/2026 2:51pm
Article Summary:
**DOJ Secures $68 Million Settlement with Colony Ridge Over Alleged Predatory Land Sales Targeting Hispanic Borrowers**
The U.S. Justice Department has reached a $68 million settlement with Texas-based developer and lender Colony Ridge to resolve allegations that it targeted Hispanic borrowers with deceptive land sales and high-risk loans, violating federal fair lending and housing laws. The agreement, coordinated with Texas officials, requires major investments in infrastructure and flood mitigation, changes to lending and advertising practices, consumer protections to reduce foreclosures, and a temporary halt on new residential sales.
Read article here »
Date: 02/10/2026 2:51pm
Article Summary:
**DOJ Secures $68 Million Settlement with Colony Ridge Over Alleged Predatory Land Sales Targeting Hispanic Borrowers**
The U.S. Justice Department has reached a $68 million settlement with Texas-based developer and lender Colony Ridge to resolve allegations that it targeted Hispanic borrowers with deceptive land sales and high-risk loans, violating federal fair lending and housing laws. The agreement, coordinated with Texas officials, requires major investments in infrastructure and flood mitigation, changes to lending and advertising practices, consumer protections to reduce foreclosures, and a temporary halt on new residential sales.
Read article here »