WASHINGTON -- NAFCU is taking a fight over the issuing of acobranded credit card on U.S. military bases to Congress.

The association has written Rep. Carolyn Maloney (D-N.Y.)chairman of the Subcommittee on Financial Institutions and ConsumerCredit, to raise the issue of the Army and Air Force ExchangeService partnership with JPMorgan to offer a MasterCard-brandedcredit card.

"As you know, on base financial institutions (both banks andcredit unions) already provide a full panoply of financial servicesto the armed services and their families under a contract with eachbase (to include credit cards)," NAFCU wrote. "The on base banksand credit unions are able to develop a relationship with our menand women in uniform and their families and provide them with thenecessary financial education to establish and maintain goodcredit, as well as determine the financial products that are rightfor them. This is in direct contrast to the credit card beingoffered by JPMorgan, which can and will lead to more debt, withoutan upside of promoting savings [and] good financial habits," NAFCUadded.

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