 The “Credit Card Competition Act,” S. 1838, as introduced by Senators Dick Durbin and Roger Marshall, represents another financial hazard masked by seemingly good intentions of the retail lobby. Unfortunately, the proposed legislation does nothing to reduce additional costs for consumers and harms working-class Americans. All it really does is secure another round of windfall profits for big box retailers and e-commerce giants. This is unfair and should alarm everyone reading this article.
 But is the cure worse than the disease? So, if a bad bill doesn’t become a law in Congress, there’s nothing to worry about, right?
Not necessarily, as new legislation aimed at payment fraud illustrates how issues in Washington tend to percolate far beyond the halls of Congress. Advocacy in Action: DCUC’s Bold Initiative to Strengthen the Voice of Defense Credit Unions9/20/2024
 DCUC’s Advocacy Reimagined is an exciting new initiative for the Council, marking a significant expansion of DCUC’s
advocacy efforts in both our Nation’s capital and beyond. As you are aware, defense credit unions play a unique and critical role in serving military personnel, veterans, and their families. Now, more than ever, it is essential the defense credit union voice is heard clearly and powerfully at the federal level, where legislative and regulatory decisions can have profound impacts on credit unions’ ability to continue serving those who serve our country.  First and foremost, I want to thank each of you for your steadfast commitment to delivering the finest financial products and services to our Nation’s service members, veterans, and their families. Your dedication is why the Defense Credit Union Council (DCUC) takes great honor in representing you. Your unwavering focus to Serving Those Who Serve Our Country ensures the credit union philosophy of people helping people remains a distinctive force within the financial industry.
 DCUC engaged Congress on the credit union tax exemption status by sending a letter and questions to the Senate Committee on Finance ahead of today's hearing, “The 2025 Tax Policy Debate and Tax Avoidance Strategies.”
 Provided by Ryan Ross, DCUC Board Secretary & Soarion CU President/CEO Your Credit Union’s Commitment to Military and Veteran Members
 Thanks to a flurry of critical news coverage, the image of credit unions being a pro-consumer beacon is being questioned on Capitol Hill and in DC regulatory agencies. The question: is this a tectonic political shift, or temporary criticism that will dissipate in a short period of time.
 We’re growing in terms of our footprint, not only in serving the interests of our members and defense credit unions but the entire industry as a whole. We’re increasing our MAC tempo with plans to hold more meetings and strengthen our advocacy for more success on behalf of our members. DCUC is already laying the groundwork for our future advocacy roadmap and ensuring the Council and its members are well-heard within the Capital.
 As our nation marked its 248th Independence Day, many celebrated with barbeques, attended parades, and watched fireworks. I am always proud to witness flag displays, patriotic ads on TV and the internet, and of course, heartfelt social media posts. Particularly moving are the tributes to our veterans during these festivities.
 Provided by John McKechnie Where do things stand in Washington in June of an election year? Good question. Capitol Hill is treading legislative water in preparation for fall campaigning, which means neither party wants to pass bills that could help the other party.
But regulators still have their pens out and are working to finish old business and start a new to-do list. |
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