The Defense Credit Union Council (DCUC) submitted official comments to the House Financial Services Committee ahead of its upcoming markup, outlining recommendations on five measures with direct implications for credit union lending, regulatory oversight, fraud prevention, and liquidity.
“Credit unions need clear rules, fair supervision, effective fraud-prevention partnerships, and dependable liquidity to serve their members. The Committee can advance those objectives by supporting the four reform measures discussed above while rejecting the permanent increase in mandatory FHLBank contributions,” wrote DCUC’s Chief Advocacy Officer Jason Stverak.
DCUC supports H.R. 1653, the Civil Investigative Demand Reform Act of 2025, which would strengthen due process in the Consumer Financial Protection Bureau’s civil investigative demand process. DCUC also expressed support for greater factual specificity, reasonable limitations on demands, and meaningful opportunities for institutions to challenge demands that are overly broad or disproportionate.
DCUC strongly supports H.R. 4936, the Taskforce for Recognizing and Averting Payment Scams (TRAPS) Act, which would establish a Treasury-led effort to improve coordination among regulators, law enforcement, financial institutions, and other stakeholders in combating payment scams. DCUC specifically noted support for the bill’s inclusion of the National Credit Union Administration and a credit union representative, ensuring the credit union perspective is part of developing practical approaches to fraud prevention.
DCUC also strongly supports H.R. 7866, the American Lending Fairness Act of 2026, which would clarify interstate lending rules for federally insured, state-chartered credit unions. DCUC voiced that clearer rules would help credit unions maintain consistent lending relationships with members who move across state lines, including servicemembers and military families who frequently relocate due to military orders.
While supportive of H.R. 10184, the Consumer Financial Protection Accountability and Reform Act of 2026, DCUC recommended additional governance and implementation improvements that would increase accountability, reduce unnecessary regulatory overlap, strengthen regulatory coordination, and provide greater certainty for credit unions. DCUC also reiterated its support for replacing the CFPB’s single-director structure with a bipartisan, five-member commission serving staggered terms.
DCUC opposed H.R. 10325, which would permanently increase the Federal Home Loan Bank System’s mandatory Affordable Housing Program contribution from 10 percent to 15 percent of each FHLBank’s preceding-year net income. DCUC expressed that Congress should first consider the potential effects of a permanent increase on FHLBank liquidity, funding costs, member pricing, capital accumulation, and the flexibility of existing housing initiatives.
“Affordable housing and reliable liquidity are not competing priorities for credit unions, and both are essential to the communities we serve,” says Anthony Hernandez, DCUC President/CEO, Ret. U.S. Air Force Colonel. “Congress should ensure that efforts to expand housing resources do not unintentionally make it more difficult for credit unions to access dependable, competitively priced liquidity or support members with their housing needs. We encourage the Committee to advance reforms that strengthen the financial system while preserving the ability of credit unions to serve military families, veterans, and their communities.”
DCUC will continue working with members of Congress and Committee staff on legislation that strengthens credit union participation in the financial system, protects consumers, and supports responsible access to credit.