Colony Ridge
Coverage of Colony Ridge in the Nexus archive.
- A Judge Worried a Proposed Settlement Doesn’t Do Enough to Help Victims. The DOJ Is Still Moving Forward.
The U.S. Justice Department proceeds with a $68 million settlement against Texas land developer Colony Ridge despite a judge's criticism that the agreement fails to compensate victims and includes $20 million for law enforcement. Judge Alfred H. Bennett expressed discomfort with the provision, questioning its inclusion in a case initially focused on predatory lending practices.
- “A Slap in the Face”: Trump’s DOJ Plans to Settle Predatory Lending Case Without Compensating Victims
The U.S. Justice Department proposed a $68 million settlement for a predatory lending case against Texas developer Colony Ridge, but the agreement offers no compensation to victims instead allocating funds for policing and immigration enforcement. Critics, including former officials, condemned the deal as a failure to address harm to Hispanic residents targeted by discriminatory lending practices.