Colony Ridge Predatory Lending 68 Million Settlement, Zero Cash for Borrowers, Here’s What You Actually Get
The Department of Justice announced that Colony Ridge Land LLC and its affiliates agreed to pay $68,000,000 to resolve a lawsuit alleging that the company targeted Hispanic borrowers with a predatory land sales and lending scheme that led to a cycle of foreclosures and financial hardship. Despite the headline number, individual borrowers will not receive…
