Consumer Financial Protection Bureau ↔ Colony Ridge

Relations (1)

related 2.32 — strongly supporting 4 facts

The Consumer Financial Protection Bureau is related to Colony Ridge because it initiated legal enforcement actions against the company for alleged fair lending violations and deceptive practices, as detailed in [1], [2], [3], and [4].

Facts (4)

Sources

Fair Lending Report of the Consumer Financial Protection Bureau federalregister.gov Consumer Financial Protection Bureau 4 facts

claimOn December 20, 2023, the Consumer Financial Protection Bureau (CFPB) and the Department of Justice (DOJ) filed a complaint against the Texas-based company Colony Ridge.

claimThe CFPB and DOJ lawsuit alleges that Colony Ridge sells flood-prone land lacking water, sewer, or electrical infrastructure to families and provides loans that borrowers cannot afford.

claimThe Consumer Financial Protection Bureau (CFPB) alleges that Colony Ridge defendants violated the Consumer Financial Protection Act (CFPA) by making deceptive representations to consumers.

claimIn 2023, the Consumer Financial Protection Bureau (CFPB) brought two fair lending enforcement actions against Citibank and Colony Ridge.