Fresh Today

Fresh Today

WASHINGTON — The Defense Credit Union Council is renewing its push against the Durbin-Marshall credit card mandates, urging Congress and the White House to abandon the proposal and warning it would extend a failed regulatory experiment that hurts consumers, small businesses, and community financial institutions while primarily benefiting the nation’s largest retailers.

WASHINGTON—The Defense Credit Union Council and America’s Credit Unions have joined a coalition of national trade associations representing thousands of community banks and credit unions in urging Congress to take immediate action to close a stablecoin loophole that could divert trillions of dollars from local lending institutions and weaken community-based credit nationwide.