Colony Ridge

Colony Ridge is a Texas land developer that sells plots in large subdivisions north of Houston. The U.S. Justice Department sued them in December 2023, accusing them of discriminatory lending practices that targeted tens of thousands of Hispanic residents. The DOJ alleged that Colony Ridge operated as a "one-stop shop for discriminatory lending." The company's practices are newsworthy due to the scale of the alleged exploitation and the Justice Department's involvement. Currently, the DOJ is moving forward with a proposed $68 million settlement with Colony Ridge. However, a U.S. District Judge has expressed concerns that the settlement does not adequately compensate the victims of the alleged predatory lending. This raises questions about the effectiveness of the settlement in addressing the harm caused and the Justice Department's commitment to protecting vulnerable communities from financial exploitation.