DOJ Secures $68 Million Settlement in Alleged Land Development Scheme Targeting Hispanics
The Epoch Times
The DOJ reached a $68 million settlement with Colony Ridge Land LLC over allegations of a predatory scheme targeting Hispanic homebuyers.Summary
The U.S. Department of Justice (DOJ) announced a $68 million settlement with Colony Ridge Land LLC, a Houston-based land developer and lender, on Tuesday. The DOJ alleges that Colony Ridge engaged in a predatory scheme specifically targeting Hispanic individuals, violating the Equal Credit Opportunity and Fair Housing acts. According to the DOJ, the company’s deceptive lending practices took advantage of language barriers and led to a cycle of foreclosures among its Hispanic customers. The settlement aims to provide relief to those affected by the alleged scheme.
(Source：The Epoch Times)