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FAYETTEVILLE, Ark.—The University of Arkansas has reached a long-term agreement with CommunityAmerica Credit Union to secure the naming rights to Razorback Stadium, ending a two-year search for a new partner following the expiration of the Donald W. Reynolds Foundation's sponsorship, according to the Times Record.

 

WASHINGTON— The Consumer Financial Protection Bureau said it is overhauling its consumer complaint portal after a surge in credit reporting complaints overwhelmed the system and exposed weaknesses that agency officials say have reduced the usefulness and reliability of complaint data.

PHILADELPHIA—Credit unions could see meaningful relief from some federal compliance and examination burdens as the Consumer Financial Protection Bureau continues to undergo restructuring under the Trump Administration, but legal experts are warning that any pullback by the CFPB may be quickly offset by a rise in aggressive state enforcement actions and consumer class-action litigation.

NEW YORK--As artificial intelligence increasingly becomes the primary interface through which consumers manage their financial lives, credit unions and other financial institutions face a growing risk: losing ownership of the member relationship to technology platforms that control the conversation, according to a new PYMNTS Intelligence report produced in collaboration with Velera.

WASHINGTON--Removing barriers for consumers to obtain mortgages through the Federal Housing Administration (FHA), the Department of Housing and Urban Development (HUD) updated FHA quality control requirements to allow greater flexibility and alternatives to appraisal field reviews. The new provisions took effect immediately when released in a Mortgagee Letter Tuesday, America's Credit Unions reported.

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