WASHINGTON, DC (January 12, 2026) |
The Defense Credit Union Council (DCUC) has distributed a set of official talking points to all DCUC member credit unions addressing President Trump’s recent proposal to impose a nationwide 10% cap on credit card interest rates.
DCUC has been heavily engaged on this issue since the President announced the proposal via social media late Friday night. Over the weekend, DCUC sent a letter of concern to President Trump, and a similar letter to the Chair and Ranking Members of the Senate Committee on Banking, Housing and Urban Affairs, and the House Financial Services Committee. Every congressional office on Capitol Hill received copies.
In addition, DCUC Chief Advocacy Officer Jason Stverak authored an op-ed outlining the potential impact of the proposal on military families and credit union members, which was distributed to policymakers to help inform the public narrative early in the process.
"As I have said before, 'Credit unions don't pay dues to their trade associations and leagues to sit and monitor a situation! They pay us to take & organize action,” says Anthony Hernandez, DCUC President/CEO. "We don't have much time to respond as narratives are already being set. This is why DCUC has been working hard over the weekend."
With the President indicating the cap could take effect as early as January 20, 2026, DCUC is urging immediate engagement. The talking points are designed to help credit unions clearly and specifically explain how a blanket interest rate cap would negatively affect responsible lending, financial readiness, and access to credit for military families and working Americans.
DCUC encourages credit unions to contact their congressional offices as soon as possible and voice concerns using the provided materials.
Note: Any credit union that is not currently a DCUC member may contact DCUC directly at ceo@dcuc.org to request a copy of the talking points.