CFPB and DOJ Sue Predatory Mortgage Lender for Reverse Redlining, Exploiting Consumers With Limited English Proficiency
December 22, 2023
December 22, 2023
WASHINGTON, Dec. 22 -- The National Consumer Law Center issued the following news release:
The U.S. Department of Justice (DOJ) and the Consumer Financial Protection Bureau (CFPB) jointly sued Colony Ridge, a Texas-based developer and lender, for operating an illegal land sales scheme that targeted low-income Hispanic consumers. This case alleges that Colony Ridge violated the Equal Credit Opportunity Act and the Fair Housing Act, among other laws, by seeking out economically disadv . . .
The U.S. Department of Justice (DOJ) and the Consumer Financial Protection Bureau (CFPB) jointly sued Colony Ridge, a Texas-based developer and lender, for operating an illegal land sales scheme that targeted low-income Hispanic consumers. This case alleges that Colony Ridge violated the Equal Credit Opportunity Act and the Fair Housing Act, among other laws, by seeking out economically disadv . . .