Officials with the Defense Credit Union Council (DCUC) and America’s Credit Unions praised the U.S. House of Representatives this week for passing H.R. 3838, the National Defense Authorization Act (NDAA) for Fiscal Year 2026, without controversial amendments tied to the Credit Card Competition Act (CCCA).
The trade groups have long opposed the CCCA, arguing that while it is promoted as a pro-competition measure, it would in practice force financial institutions to route transactions through potentially untested or foreign-controlled networks. The council has warned that such mandates could erode consumer protections, increase fraud risk, and threaten 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,” Anthony Hernandez, DCUC's president/CEO, said. “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 service members, veterans and their families.”
America’s Credit Unions, which also opposed the amendments, worked through the House Armed Services Committee, the House Rules Committee and directly with lawmakers to prevent any interchange-related provisions from advancing.
The Senate is still considering its version of the NDAA, where amendments remain under discussion. Both DCUC and America’s Credit Unions said they will continue pressing lawmakers to keep interchange proposals out of the bill while supporting provisions to aid veteran-owned businesses, CDFIs and smaller credit unions.
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