It hasn't updated for ages. It is a server side issue.
Ubisoft know about it, and have known since the issue appeared on the consoles.
At present, almost all their resources are dedicated towards Revelations and its development, so there's very little chance this will be fixed until after the launch of Revelations...or at least when that game has gone Gold.
Since they haven't fixed it yet there's a chance that they wont do it at all. I think they are busy making Revelations and they will make sure that the same multiplayer problems from Brotherhood wont occur in Revelations.
<STRIKE>They are normally "resetting" the templar grade every monday, right? Because this message occured to me a few minutes ago:</STRIKE>Screenshots
Nevermind, it was just a reset on a monday.. I forget what day it was for some reason! -_-'