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NEW YORK— A federal judge in New York has allowed key contract claims to move forward in a proposed class action accusing UBS Financial Services Inc. of steering customers’ uninvested cash into low-yield “cash sweep” accounts, while dismissing only one duplicative unjust-enrichment claim, according to Bloomberg Law.

WASHINGTON— Sen. Tom Cotton (R-AR) has introduced legislation that would bar immigrants in the country illegally from opening or maintaining accounts at U.S. financial institutions, including federally insured credit unions, according to Cotton’s office.

WASHINGTON – Homebuyer affordability improved in February, with the national median payment applied for by purchase applicants decreasing to $2,061 from $2,070 in January, according to the Mortgage Bankers Association's Purchase Applications Payment Index (PAPI).

MCLEAN, Va.--The 30-year fixed-rate mortgage averaged 6.38% this past week, Freddie Mac reported.