Beginning today through Friday, March 6, the Defense Credit Union Council (DCUC) has launched a high-impact, targeted advocacy advertising campaign in POLITICO Influence. The campaign reinforces DCUC’s firm opposition to the Durbin–Marshall and recent credit card rate cap proposals, elevating the voices of credit unions and the communities they serve.
The in-newsletter ads warns policymakers that the proposals would increase fraud risk, restrict access to affordable credit, eliminate rewards programs, and hand a significant financial windfall to corporate mega-retailers, all at the expense of consumers, small businesses, community financial institutions, and military families.
“Congress must fully grasp the far-reaching consequences of rewriting our nation’s payments system,” said Anthony Hernandez, DCUC President/CEO. “The Durbin-Marshall proposal and sweeping interest rate cap measures would not reform the system; they would destabilize it. These policies threaten to weaken fraud protections, restrict access to credit, and disproportionately harm underserved communities, servicemembers, veterans, and working families who rely on credit unions for safe, mission-driven financial services.”
Hernandez added, “Arbitrary credit card rate caps would reduce access to affordable, reliable, and safe credit across America, particularly for those with limited options. These proposals risk triggering a cascade of consequences that would hurt the very people Congress aims to protect.”
The campaign directs lawmakers and key stakeholders to DCUC’s formal policy statement detailing its position and long-standing commitment to safeguarding the nation’s credit union members from policies that could erode financial security and consumer protections.
Through this proactive outreach effort, DCUC is ensuring that Congress hears directly from the institutions serving those who serve and understands the real-world consequences the Durbin– Marshall proposal could have on financial access, stability, and trust.