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TROY, Mich.—As inflation, higher borrowing costs and mounting household expenses continue squeezing consumers, growing numbers of Americans are turning to personal loans as a financial lifeline—but FIs risk losing ground to faster-moving non-FI competitors that are increasingly winning over financially stressed borrowers, according to the new JD Power 2026 U.S. Consumer Lending Satisfaction Study.

WASHINGTON—Credit union trade groups are preparing for a busy week of advocacy on Capitol Hill, with hearings on tax policy, financial regulation, data privacy, defense spending and the Department of Homeland Security all expected to draw industry attention.

READING, Pa.—A Pennsylvania credit union helped uncover an alleged fraud scheme involving a stolen $2.2-million U.S. Treasury check after staff flagged an attempt to deposit the payment into a newly opened business account, according to the Reading Eagle.

CHICAGO—A federal judge Monday permanently blocked Illinois from enforcing key portions of its Interchange Fee Prohibition Act against national banks and payment card networks, a major development in the legal fight over the first-of-its-kind swipe-fee law, but one that still leaves credit unions and Illinois chartered banks without direct court protection from the law’s core interchange-fee restrictions.

SAN FRANCISCO—Anthropic said it is launching an upgraded version of its Claude Opus model while continuing preparations to make its closely watched Mythos artificial intelligence model broadly available in the coming weeks, according to Reuters.

WASHINGTON—The U.S. Government Accountability Office is warning that the Treasury Department’s decision to scale back beneficial ownership reporting requirements under the Corporate Transparency Act (CTA) could leave significant gaps in the government’s ability to detect money laundering, fraud and other illicit financial activity conducted through anonymous shell companies.

BOSTON—Former Federal Reserve Chair Jerome Powell warned that political interference in monetary policy could permanently damage public confidence in the central bank, describing the institution as undergoing a significant “stress test,” according to The Guardian.

WASHINGTON—In comments filed Monday as part of the NCUA’s ongoing regulatory review initiative, America’s Credit Unions urged the agency to eliminate outdated and unnecessary requirements, offering both broad recommendations and specific changes aimed at reducing regulatory burden while identifying additional rules that warrant future review.

LOWELL, Mass.—Jeanne D’Arc Credit Union has terminated an employee after a TikTok video mocking former U.S. Attorney General Pam Bondi’s cancer diagnosis drew widespread social media backlash.