Defense Credit Union Council
  • About
    • Membership
    • Board of Directors
    • Hall of Honor
    • George E. Myers Scholarship
    • Contact Us
  • Advocacy
    • Top Initiatives
    • Military Advocacy Committee
    • Veteran Benefits Banking Program
  • Events
    • Annual Conference
    • Defense Matters 2024
    • Midwest Conference
  • Publications
    • ALERT Newsletter
    • Veterans Guide
    • Installation Guide
    • Armed Forces Financial Guide
    • BRS Guide
  • News & Media
    • DCUC News
    • Insights
    • Member News
    • Videos

NEWSROOM

Joint Letter Opposing Credit Card Routing Mandates in 2024 NDAA

7/26/2023

 
​DCUC and eight trade associations representing banks and credit unions, including those primarily serving military-affiliated customers and members, released a joint statement opposing Senator Roger Marshall's (R-KS) efforts to derail the National Defense Authorization Act (NDAA) unless the Senator receives consideration for his proposed credit card routing legislation (S. 1838) as an amendment:
“The financial services industry stands united in opposition to Senator Marshall’s effort to hold up funding for our military in order to gift a massive government handout to Walmart, Target, and other big-box retailers. Senator Marshall’s credit card routing legislation has no relevance to defense spending whatsoever. We call on Senator Marshall to promptly abandon his effort to use the NDAA to secure government favors for big-box retailers at the expense of consumers, small businesses, and small financial institutions.”

In addition, DCUC and these industry partners sent a joint letter on July 14 to Congressional leaders expressing strong opposition to the so-called “Credit Card Competition Act of 2023," and efforts to include the bill’s language as an impractical, technically flawed, and unnecessary study proposal (Amendment 177) as amendments to the 2024 National Defense Authorization Act (NDAA).

Until the Senate passes its version of the NDAA, DCUC will continue to remain vigilant.

Comments are closed.

    Categories

    All
    Insights
    In The News
    Member News
    Press Releases

    Archives

    December 2023
    November 2023
    October 2023
    September 2023
    August 2023
    July 2023
    June 2023
    May 2023

    RSS Feed

Contact Us
1627 Eye Street, NW
Suite 935
Washington, DC 20006
202.734.5007
admin@dcuc.org

Quick Links

ALERT Newsletter
Armed Forces Financial Network
Financial Education Resources
Veterans Benefits Banking Program​

Connect

become a member
Copyright Defense Credit Union Council.  All Rights Reserved.
  • About
    • Membership
    • Board of Directors
    • Hall of Honor
    • George E. Myers Scholarship
    • Contact Us
  • Advocacy
    • Top Initiatives
    • Military Advocacy Committee
    • Veteran Benefits Banking Program
  • Events
    • Annual Conference
    • Defense Matters 2024
    • Midwest Conference
  • Publications
    • ALERT Newsletter
    • Veterans Guide
    • Installation Guide
    • Armed Forces Financial Guide
    • BRS Guide
  • News & Media
    • DCUC News
    • Insights
    • Member News
    • Videos