​WASHINGTON—The Defense Credit Union Council has sent a letter to President-Elect Donald Trump highlighting key areas where his administration can make a “substantial impact” on the lives of servicemembers, veterans and their families.

In addition to congratulating Trump on his win, DCUC asked for a meeting to discuss critical issues facing defense credit unions and the communities they support.

​WASHINGTON—With Donald Trump defeating Kamala Harris to become the 47th president of the United States, credit unions should be paying close attention to those appointed by Trump to head the various committees, one political expert is saying.

Defense Credit Union Council (DCUC) chief Advocacy Officer Jason Stverak shared that perspective, adding Republican leadership will hopefully end the CFPB’s heavy emphasis on so-called “junk” fees.

​WASHINGTON—The Defense Credit Union Council (DCUC) has sent a letter to the U.S. House and Senate ahead of the upcoming lame-duck session, emphasizing critical legislative priorities for the nation’s nearly 200 defense credit unions and the 40 million members they serve, particularly active-duty military, veterans, and their families.

​The Consumer Financial Protection Bureau recently finalized its 1033 rule, mandating that financial institutions provide consumers with greater access to their financial data, and allow them to share that data with third-party financial technology companies.
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While the rule is presented as a victory for consumer empowerment and financial innovation, it comes with a set of profound risks — particularly for credit unions, and more critically, for those serving the military community.

​WASHINGTON–After one member of Congress suggested during a recent hearing that it may be time to require credit unions to comply with the Community Reinvestment Act (CRA), America’s Credit Unions and the Defense Credit Union Council have  responded by suggesting that doing so could reduce access to credit for “vulnerable consumers.”

WASHINGTON– The Defense Credit Union Council (DCUC) has issued a statement in support of Sen. Ted Budd's (R-NC) proposed legislation, "Secure Payments Act of 2024.”'
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The legislation would require the Board of Governors of the Federal Reserve System to study the impacts of the Fed’s proposed rule on debit card interchange fees and routing, and for other purposes.

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DCUC Expresses Support for CFPB Accountability Act

Separately, the Defense Credit Union Council (DCUC) said it supports the Consumer Financial Protection Bureau (CFPB) Accountability Act, which is being championed in Congress of Ranking Member Sen. Tim Scott (R-SC), Sen. Bill Hagerty (R-TN.) and others.