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January

6
2023
Industry News

Statement from Secretary Cardona on Legal Brief Filed with the Supreme Court on the Student Debt Relief Program

U.S. Secretary of Education Miguel Cardona issued the following statement after the Departments of Education and Justice filed a legal brief with the Supreme Court on the Biden-Harris Administration’s Student Debt Relief Program:

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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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