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ALEXANDRIA, Va.—Federally insured credit unions generated $20.4 billion in annualized net income during the first quarter, a 30.5% jump from a year earlier, as widening margins and lower funding costs fueled a sharp earnings rebound despite continued pressure from loan delinquencies, NCUA reported.

U.S. consumers now hold approximately $1.7 trillion in outstanding auto loan debt, and average balances continued to rise in many major metropolitan areas during the first quarter of 2026, according to a new analysis by WalletHub.

SAN FRANCISCO—Visa’s new framework for so-called “agentic commerce,” which would allow artificial intelligence agents to make purchases and complete payments on behalf of consumers, could create significant compliance challenges for merchants, payment providers and financial institutions as the technology moves toward broader adoption, according to an analysis by attorneys at Stinson LLP, Law360 reported.

SAN FRANCISCO—Visa is expanding its Commercial Solutions Hub as the payments giant pushes to accelerate adoption of virtual cards among financial institutions, suppliers and corporate clients by reducing many of the operational hurdles that have historically slowed broader use of the technology.

WASHINGTON – America’s Credit Unions President/CEO Scott Simpson Tuesday called on Senate Banking Committee leadership to “move ahead expeditiously and advance” the nomination of John Crews to serve on the NCUA board.

LAWRENCEVILLE, Ga.—Used vehicle values continued to strengthen in May, with the Black Book Used Vehicle Retention Index rising 0.6% from April as an unusually strong spring selling season extended well beyond historical norms.

PROVIDENCE, R.I.— Longtime Rhode Island Credit Union President and CEO David Suvall will retire July 1 after 45 years with the organization, with the credit union’s board naming Executive Vice President and COO Nancy Zeppa as his successor, Go Local Prov reported.

WASHINGTON--America’s Credit Unions filed comments Tuesday addressing three separate anti-money laundering/countering the financing of terrorism (AML/CFT) proposals.

NEW YORK—A federal judge has granted preliminary approval to a revised settlement between Visa and Mastercard and more than 12 million U.S. merchants in a long-running antitrust battle over credit-card swipe fees, rejecting arguments that widespread opposition should derail the deal before it moves to the next stage, Reuters reported.