We urge all credit union members and employees to contact their Members of Congress immediately! The Credit Card Competition Act (CCCA), H.R. 3881 and S. 1838, has resurfaced in the House of Representatives. This dangerous legislation jeopardizes consumer security to benefit retailers.

With the government spending deadline on September 30 approaching, Senator Durbin is using the spending bill as leverage to push for a CCCA vote. We must encourage our Senate allies to block any amendments resembling the CCCA in spending bills by placing a "hold" on them. We also need to reach out to Members of Congress and make it clear that we oppose similar amendments in the House.

To recap, the CCCA shifts power from card issuers like credit unions to retailers, allowing them to choose the payment network for credit card transactions. This puts consumer data at risk, as retailers may prioritize an affordable network over data security.

Cybersecurity expenses are increasing, and credit card fraud is a significant issue. Cutting corners now is not an option. Credit unions and financial institutions shoulder the cost of fraud detection, consumer reimbursements, and card replacement. The CCCA will make it harder for credit unions to protect our members' credit cards.

Credit unions prioritize their members' interests. Please support us by voicing your concerns to Congress! Take action through Connect For The Cause and email your Member of Congress today!