DCUC Urges “Fair Credit” Reforms to Strengthen Access and Accuracy Ahead of House Hearing

WASHINGTON, DC – The Defense Credit Union Council (DCUC) recently submitted recommendations to leaders of the House Financial Services Subcommittee on Financial Institutions ahead of its hearing, “Promoting Access to Credit for Everyday Americans.” ​

DCUC voiced that access to credit depends on a system that is accurate, timely, and trusted, while allowing lenders to responsibly manage risk. Inaccurate or compromised credit data can directly impact housing, transportation, and financial stability, particularly given higher exposure to identity theft and frequent relocations. “Accurate credit reporting is the foundation of fair and meaningful access to credit—especially for servicemembers and veterans,” wrote Jason Stverak, DCUC Chief Advocacy Officer. 
 
DCUC outlined four key principles for policymakers: 

• Strengthen accuracy and accountability across credit reporting systems, including resellers. 

• Expand responsible credit-building opportunities, such as incorporating on-time rent and utility payments with safeguards. 

• Improve integrity of consumer complaint data to ensure policymaking reflects real harms. 

• Balance liability frameworks to maintain strong consumer protections without limiting credit availability. 

 
DCUC cautioned that broader policies such as rigid federal interest rate caps could reduce responsible lending options, particularly for younger servicemembers or those rebuilding credit. 
 
“Policies that promote data integrity, responsible innovation, and risk-based lending are essential to ensuring military families can access safe, affordable financial services,” Stverak says. 
See DCUC full comments here. ​