WASHINGTON, DC (September 11, 2025) |
The Defense Credit Union Council (DCUC) today commended the U.S. House of Representatives for passing H.R. 3838 – Streamlining Procurement for Effective Execution and Delivery and the National Defense Authorization Act (NDAA) for Fiscal Year 2026 without the addition of the controversial Credit Card Competition Act (CCCA) amendments.
DCUC has consistently raised concerns that the CCCA—while marketed as a pro-competition measure—would instead force financial institutions to route transactions through potentially less secure, untested, or even foreign-controlled networks. DCUC has emphasized to both houses of Congress the potential for these mandates to undermine consumer protections, increase fraud risks, and pose significant threats to both financial stability and national security.
“On behalf of credit unions and the military communities we serve, we thank the House for advancing the NDAA without harmful amendments,” said Anthony Hernandez, DCUC President/CEO. “The CCCA threatens to weaken financial protections for those who serve our country while enriching large retailers unlikely to pass savings on to consumers. We applaud Congressional leaders for rejecting this shortsighted measure and for protecting the financial well-being of America’s servicemembers, veterans, and their families.”
DCUC reaffirmed its commitment to working with Senate leaders to ensure the CCCA and similar proposals do not advance in future legislation.