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ATLANTA—Auto lenders are heading into the second half of 2026 facing a sharply divided market in which rising borrower stress, record subprime delinquencies and persistent affordability pressures are colliding with unusually strong used-vehicle values that continue to prop up collateral performance, according to the new Black Book-Fitch Vehicle Depreciation Report.

WASHINGTON—The Federal Deposit Insurance Corp. and Federal Reserve have released feedback letters tied to the latest “living will” resolution plans submitted by the nation’s largest banks, though Jonathan Gould abstained from the FDIC vote approving the feedback, arguing the broader resolution planning framework remains fundamentally flawed.

CHICAGO—An Illinois federal judge has granted final approval to a massive settlement under which Discover Financial Services will pay between $540 million and $1.2 billion to resolve class action claims alleging it improperly classified certain consumer credit cards as commercial accounts, resulting in merchants being charged excessive interchange fees for years, Law360 reported.

WASHINGTON—Sens. Elizabeth Warren (D-MA) and Chris Van Hollen (D-MD) are urging the Federal Reserve and OCC to reject Enova International’s bid to acquire Grasshopper Bank, warning the deal would allow what they called a “predatory lender” to operate nationwide under a national bank charter.

ATHENS, Ga.—Vertice AI has released a new report suggesting younger consumers are increasingly managing their financial lives through multiple apps and digital tools rather than relying on a single primary financial institution, a trend the company said could further pressure community financial institutions competing against fintechs and neobanks.

WASHINGTON—The FDIC has proposed new rules that would require stablecoin issuers under its supervision to comply with anti-money laundering, Bank Secrecy Act and economic sanctions requirements, marking another major step in implementing the GENIUS Act framework for payment stablecoins.

WASHINGTON--A new Final Regulation Summary of the CFPB’s small business lending data collection rule is available from America’s Credit Unions’ Compliance team.

KENSINGTON, Md.—The “ghost car” may sound like an old-school dealership trick, but consumer advocates, regulators and auto retail analysts warn the tactic is evolving in the digital era in ways that could create fresh risks for borrowers—and for the credit unions financing their purchases.