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January

6
2023
Industry News

Attorney General Phil Weiser announces Colorado borrowers will receive $4 million in settlement with Bellco and Canvas credit unions in GAP fee case

(The Center Square) – Coloradans who were to guaranteed automobile protection fee refunds from two credit unions will get $4 million in refunds from a recent settlement, Attorney General Phil Weiser's office announced.

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January

6
2023
Industry News

FTC Safeguards Rule: ACA and Industry Partners Seek Compliance Guidance

ACA International and joint industry trade groups are seeking detailed compliance guidance from the Federal Trade Commission on aspects of the Safeguards Rule.

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January

6
2023
Industry News

California Supreme Court Refuses To Hear Default Interest Case

On December 21, 2022, the California Supreme Court denied review of a controversial Court of Appeal decision from earlier last year that prohibited lenders from charging default interest against the principal balance of any loan, regardless of loan purpose, unless the default is a maturity default.

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January

6
2023
Trends

Mortgage demand plunges 13.2% to end 2022, as interest rates head higher again

Mortgage application volume was down 13.2% at the end of last week from two weeks earlier, according to the Mortgage Bankers Association’s seasonally adjusted index. The MBA was closed last week due to the holidays.

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January

5
2023
Trends

Office of Research Blog: Even as rents increase, fewer people are buying

The past two years of high inflation have been difficult for renters. In our recent report, Making Ends Meet in 2022, we found that nearly one third of renters did not pay or were late with the rent at least once in the last year. As we discussed in a previous blog post in this series, housing is a large share of overall expenditures and housing inflation has been a big part of recent inflation.

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