CFPB and Justice Department Sue Lender Colony Ridge for Bait-and-Switch Tactics and “Predatory” Financing
The Consumer Financial Protection Bureau (CFPB) and the Justice Department sued Colony Ridge, a Texas-based developer and lender, for allegedly “operating an illegal land sales scheme and targeting tens of thousands of Hispanic borrowers with false statements and predatory loans.” The lawsuit filed in federal… Read More
Read more in: General News, Politics, Legal & Regulation | Tagged cfpb, Colony Ridge, enforcement