1/15/26
Joint Trades Letter to Congress re Credit Card Competition Act
America’s Credit Unions, the Defense Credit Union Council, and the Independent Community Bankers of America write on behalf of community financial institutions of all sizes to strongly oppose the Credit Card Competition Act (S. 3623; H.R. 7035). These misguided mandates would expand the failed Durbin routing requirements to credit cards, harming consumers, small businesses, and community financial institutions while delivering a windfall to corporate megastores.