The Justice Department announced today that Colony Ridge Land LLC and its affiliates (Colony Ridge), a land developer and lender near Houston, TX, have
agreed to pay $68,000,000 to resolve a lawsuit alleging that Colony Ridge targeted Hispanic borrowers with a predatory land sales and lending scheme that led to a cycle of foreclosures and financial hardship in violation of the Equal Credit Opportunity Act (ECOA) and the Fair Housing Act (FHA).
