Texas Lender Colony Ridge Sued By CFPB, DOJ

Texas Lender Colony Ridge Sued By CFPB, DOJ

ByTMN Editor Reading Time: 2 minutes

The Consumer Financial Protection Bureau and the U.S. Department of Justice are suing developer and lender Colony Ridge, alleging it targeted Hispanic borrowers with “bait-and-switch” land sales and predatory loans. The lawsuit claims Colony Ridge gave borrowers inaccurate information about homesites and coerced them into loans they could not afford, according to the CFPB’s press…

Protesters Rally At BlueHub Capital Headquarters
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Protesters Rally At BlueHub Capital Headquarters

ByTMN Editor Reading Time: 3 minutes

By KIMBERLEY HAAS Protesters who claim BlueHub Capital has a predatory program that has fleeced distressed homeowners rallied in Boston on Tuesday morning. The Stabilizing Urban Neighborhoods program hit the spotlight in February of 2020, when a group of 14 homeowners filed a class-action lawsuit in Massachusetts Superior Court. WGBH reported at the time that…

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