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Historically, FU Orionis-type stars are low-mass, pre-main sequence stars. The members of this class experience powerful accretion outbursts and remain in an enhanced accretion state for decades or centuries. V1515 Cyg, a classical FUor, started brightening in the 1940s and reached its peak brightness in the late 1970s. Following a sudden decrease in brightness it stayed in a minimum state for a few months, then started a brightening for several years. We present results of our ground-based photometric monitoring complemented with optical/NIR spectroscopic monitoring. Our light curves show a long-term fading with strong variability on weekly and monthly time scales. The optical spectra show P Cygni profiles and broad blue-shifted absorption lines, common properties of FUors. However, V1515 Cyg lacks the P Cygni profile in the Ca II 8498 \r{A} line, a part of the Ca infrared triplet (IRT), formed by an outflowing wind, suggesting that the absorbing gas in the wind is optically thin. The newly obtained near-infrared spectrum shows the strengthening of the CO bandhead and the FeH molecular band, indicating that the disk has become cooler since the last spectroscopic observation in 2015. The current luminosity of the accretion disk dropped from the peak value of 138 $L_{\odot}$ to about 45 $L_{\odot}$, suggesting that the long-term fading is also partly caused by the dropping of the accretion rate., Comment: 26 pages, 19 figure, accepted for publication in The Astrophysical Journal

Among the low-mass pre-main sequence stars, a small group called FU Orionis-type objects (FUors) are notable for undergoing powerful accretion outbursts. V1057 Cyg, a classical example of an FUor, went into outburst around 1969-1970, after which it faded rapidly, making it the fastest fading FUor known. Around 1995, a more rapid increase in fading occurred. Since that time, strong photometric modulations have been present. We present nearly 10 years of source monitoring at Piszk\'estet\H{o} Observatory, complemented with optical/near-infrared photometry and spectroscopy from the Nordic Optical Telescope, Bohyunsan Optical Astronomy Observatory, Transiting Exoplanet Survey Satellite, and the Stratospheric Observatory for Infrared Astronomy. Our light curves show continuation of significant quasi-periodic variability in brightness over the past decade. Our spectroscopic observations show strong wind features, shell features, and forbidden emission lines. All of these spectral lines vary with time. We also report the first detection of [S II], [N II], and [O III] lines in the star., Comment: 37 pages, 20 figures