WASHINGTON, D.C (July 22, 2025) |
This week, the Defense Credit Union Council (DCUC) has launched a strategic and targeted ad campaign in Punchbowl News to defend military members against harmful credit card legislation—including the Durbin-Marshall “Credit Card Competition Act” (CCCA) and a proposed 10% interest rate cap—with attempts to attach the mandates to the Fiscal Year 2026 National Defense Authorization Act (NDAA).
The ads, which appear across Punchbowl News AM, Midday, and PM newsletters, direct lawmakers and readers to a recent advocacy letter DCUC sent to both House and Senate Armed Services Committee leaders. The letter strongly urges Congress to reject the CCCA and interest rate cap proposals, stressing their potential to harm military families by limiting access to affordable, regulated credit and stripping away fraud protections and financial support services credit unions provide to these communities.
“Our nation’s military families deserve policies that strengthen their financial security—not jeopardize it,” said Anthony Hernandez, DCUC President/CEO, and (Ret.) Colonel, U.S. Air Force. “The proposals under consideration would hinder the ability of credit unions to serve their military members and communities with the safe, dependable, and mission-driven credit solutions.”
Jason Stverak, DCUC Chief Advocacy Officer, added: “DCUC is working tirelessly to ensure these harmful amendments don’t make their way into the NDAA. We’re making our voice heard now just as we’ve done in previous years to urge Congress to reject these proposals and protect those who serve our country.”
Credit unions play a critical role in supporting servicemembers' financial readiness—offering responsible lending, financial literacy programs, base financial readiness and support, and tailored cardholder benefits. The CCCA and interest rate cap proposals would threaten those services and undermine the trusted credit union model that many military families and base communities rely on.
DCUC’s ad campaign will run throughout the week, spotlighting DCUC’s commitment to ensuring Congress puts military readiness and financial well-being first.
View the ad in the Punchbowl News AM – July 21 Edition, and read DCUC’s full letter here.
Stay up to speed with DCUC’s advocacy at dcuc.org/advocacy.