Story perspectives

$68 Million Settlement Ends Predatory Lending in Texas

2/11/2026

Summary

Story summary

A $68 million settlement was reached among Colony Ridge, U.S. President Donald Trump’s administration, and Texas officials.
The settlement addresses predatory lending by Colony Ridge, including Spanish-only campaigns targeting foreign buyers.
The agreement halts predatory lending, requires infrastructure improvements, and mandates valid identification for buyers.
Texas Attorney General Ken Paxton said the settlement enhances public safety and curbs illegal immigration, funding a new law enforcement center to combat cartel activity.

History

Historical Context

The Coe Ridge Colony, established post-Emancipation Proclamation in the 1860s, became a refuge for African Americans, Native Americans, and disenfranchised white women. However, by the 1930s, economic decline and racial tensions led to its downfall. The recent $68 million settlement involving Colony Ridge reflects ongoing issues of predatory lending, echoing historical injustices faced by marginalized communities in America.

1 of 2

Story summary

A $68 million settlement was reached among Colony Ridge, U.S. President Donald Trump’s administration, and Texas officials.
The settlement addresses predatory lending by Colony Ridge, including Spanish-only campaigns targeting foreign buyers.
The agreement halts predatory lending, requires infrastructure improvements, and mandates valid identification for buyers.
Texas Attorney General Ken Paxton said the settlement enhances public safety and curbs illegal immigration, funding a new law enforcement center to combat cartel activity.

1 / 2