DCUC Advocates for the Protection of VA Home Loan Benefits WASHINGTON, D.C. – Today, the Defense Credit Union Council (DCUC) sent a letter to The Honorable Patrick McHenry, Chairman, and The Honorable Maxine Waters, Ranking Member, of the House Financial Services Committee, United States House of Representatives. In its letter, DCUC provided commentary ahead of the committee hearing titled “Housing Solutions: Cutting Through Government Red Tape,” to raise awareness on a regulatory issue that may prevent Veterans from accessing their VA Home Loan benefits based upon recent court decisions.
WASHINGTON, D.C. – Today, the Defense Credit Union Council (DCUC) sent a letter to The Honorable Richard Blumenthal, Chairman, and The Honorable Ron Johnson, Ranking Member, Committee on Homeland Security & Governmental Affairs Permanent Subcommittee on Investigations, United States Senate. In its letter, DCUC provided its commentary ahead of the committee hearing titled “Instant Payments, Instant Losses: Zelle and the Big Banks Fail to Protect Consumers from Fraud.”
DCUC Official Statement: President Biden’s Decision to Withdraw, 2024 Presidential Election7/21/2024
WASHINGTON, D.C. – Today, the Defense Credit Union Council (DCUC) provides the following statement in response to President Joe Biden’s decision to withdraw from the 2024 Presidential Election:
“DCUC appreciates President Biden's lifetime of public service and looks forward to working with his administration through the remaining days of his administration," said Anthony Hernandez, DCUC President/CEO. "It is important for credit unions and their members to participate in our elections to ensure the best outcome for our country and our industry." WASHINGTON, D.C. – Today, the Defense Credit Union Council, DCUC, sent a letter addressed to The Honorable Charles Schumer, Senate Majority Leader, and The Honorable Mitch McConnell, Senate Minority Leader voicing its strong opposition to the proposed NDAA study which seeks to bolster the Credit Card Competition Act, CCCA.
WASHINGTON, D.C. – As Congress contemplates expiring provisions from the Tax Cuts and Jobs Act (TCJA), the Defense Credit Union Council, DCUC, is once again defending the industry’s tax exemption. This morning, DCUC sent letters to the House Ways and Means Committee, Senate Finance Committee, and both the House and Senate Armed Services Committees urging for the preservation of the credit union tax exemption.
WASHINGTON, D.C. – Yesterday, the U.S. Senate released the 2025 National Defense Authorization Act (NDAA) without including any provisions to amend the Federal Credit Union Act (FCUA) for share insurance coverage for deposits made at a credit union operating the Overseas Military Banking Program (OMBP) contract. The Defense Credit Union Council (DCUC) has engaged with both houses of Congress, sharing the full perspective of the credit union industry regarding the proposed FCUA amendments while highlighting the potential adverse impacts that would follow.
WASHINGTON, D.C. – Ahead of Federal Reserve Chair Jerome Powell's upcoming semiannual monetary policy report to Congress, the Defense Credit Union Council (DCUC) urges Chairman Powell to endorse the Secure Payments Act (H.R. 7531), introduced by Rep. Blaine Luetkemeyer (R-MO), and support Senator Ted Budd’s (R-NC), recent proposal for a study on the debit card interchange fee cap.
DCUC Sends Letter to Energy & Commerce Committee Hearing, American Privacy Rights Act of 20246/26/2024
WASHINGTON, D.C. – June 26, 2024 – Today, the Defense Credit Union Council (DCUC) sent a letter to the Honorable Cathy McMorris Rodgers, Chair, and the Honorable Frank Pallone, Ranking Member, of the House Committee on Energy and Commerce, expressing its concerns with the proposed “American Privacy Rights Act of 2024.”
WASHINGTON, D.C. – Today, the Defense Credit Union Council (DCUC) sent a letter to Senator Elizabeth Warren (D-MA) and House Representative Emanuel Cleaver (D-MO) reaffirming its opposition to the Community Reinvestment Act-like (CRA) language as proposed in Section 204 of the “American Housing and Economic Mobility Act of 2024.”
WASHINGTON, D.C. – Today, June 21, 2024, the Defense Credit Union Council (DCUC) and America’s Credit Unions (ACU) sent a joint letter to The Honorable Jack Reed, Chairman, and The Honorable Roger Wicker, Ranking Member, of the Senate Armed Services Committee. The letter urges the committee to reject any unrelated credit union amendments to the National Defense Authorization Act (NDAA) during its upcoming consideration by the full United States Senate.
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