WASHINGTON—The total number of loans now in forbearance decreased by 13 basis points from 1.18% of servicers’ portfolio volume in the prior month to 1.05% as of March 31, 2022, according to the latest Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey.
NEW YORK—With gas prices topping $6 a gallon in some parts of the country, Visa and Mastercard are planning a raft of changes to rules for gas stations to allow larger transactions after a surge in fuel prices across the U.S. made it hard for some drivers to fill up using credit cards, Bloomberg reported.
ANTIOCH, Calif.—Crooks, in a “comedy of errors,” failed to steal an ATM from Delta Schools FCU here.
EAST LANSING, Mich.–Michigan State University FCU has announced plans to launch a new standalone digital brand called “AlumniFI.”
ARLINGTON, Va.–Latinos without traditional bank or credit union accounts are increasingly signing up with various fintechs for the financial needs, according to one new analysis.
NEW YORK – New York Attorney General Letitia James has issued an advisory to landlords reminding them that they cannot raise rents if they accepted or plan to accept funding from the state’s Emergency Rental Assistance Program (ERAP), which was recently expanded in the state’s budget.
DENVER–A divided panel of the U.S. Court of Appeals for the 10th Circuit has ruled that one national bank’s extended overdraft fee is not “interest” under the National Bank Act (NBA).
PHILADELPHIA–Many Americans are using alternative financing arrangements, such as rent-to-own, that a new report from Pew Charitable Trusts indicates are generally riskier, more costly, and subject to far weaker consumer protections and regulatory oversight than traditional mortgages.
BOULDER, Colo.–Elevations Credit Union here has lost a court case against another credit union’s new name that it stated is too similar to its own and violated its trademark.
WASHINGTON–The Merchants Payments Coalition said it welcomes a letter from bipartisan members of the House and Senate who have asked Visa and Mastercard to withdraw credit card swipe fee increases set to take effect this month.
