Banking and Credit Union Groups: Credit Card Mandate Would Harm Consumers and Small Businesses

Washington, D.C. (Jan. 13, 2026) - Following the Administration's comments in support for the Durbin-Marshall credit card mandate, the Independent Community Bankers of America (ICBA), American Bankers Association, America's Credit Unions, Association of Military Banks of America, Bank Policy Institute, Community Development Bankers Association, Consumer Bankers Association, Defense Credit Union Council, Electronic Payments Coalition, and National Bankers Association issued the following statement:

"One surefire way to make life less affordable for Americans would be to pass the misguided Durbin-Marshall credit card mandate, which would harm consumers, small businesses and the community financial institutions that drive local economies. Lawmakers have rightly rejected past attempts at legislation and amendments to mandate the reengineering of the nation's trusted, resilient and efficient credit card payments system just to boost the profits of the nation's largest retailers. This Congress should again reject this harmful proposal. Anyone supporting Durbin-Marshall is voting to make credit card transactions less secure and to take away the credit card reward programs that make life more affordable for millions of Americans."

About the American Bankers Association

The American Bankers Association is the voice of the nation's $25.1 trillion banking industry, which is composed of small, regional and large banks that together employ over 2 million people, safeguard $19.7 trillion in deposits and extend $13.2 trillion in loans.

About America's Credit Unions

America's Credit Unions is the unified voice for not-for-profit credit unions, representing more than 95% of the industry's assets and their more than 144 million members nationwide. America's Credit Unions provides strong advocacy, resources and services to protect, empower, and advance credit unions and the people and communities they serve. For more information about America's Credit Unions, visit AmericasCreditUnions.org.

About the Association of Military Banks of America

The Association of Military Banks of America (AMBA) is the nation's only not-for-profit trade association of banks operating on military installations, banks not located on military installations but serving military and veteran customers, and military banking facilities designated by the United States Treasury. Founded in 1959, the association's membership includes community banks and large multinational financial institutions, all of which are insured by the Federal Deposit Insurance Corporation. You can learn more about AMBA at militarybanking.org.

About BPI

The Bank Policy Institute is a nonpartisan public policy, research and advocacy group that represents universal banks, regional banks and the major foreign banks doing business in the United States. The Institute produces academic research and analysis on regulatory and monetary policy topics, analyzes and comments on proposed regulations, and represents the financial services industry with respect to cybersecurity, fraud, and other information security issues.

About the Community Development Bankers Association

For over two decades, the Community Development Bankers Association has led the community development banking movement, advocating for financial inclusion, racial equity, and economic opportunities in the nation's most economically distressed areas. The CDBA and its member banks are located in 26 states and Washington, DC, and are unwavering in their commitment to making banking a force for good. For more information on the CDBA's mission and initiatives, please visit www.cdbanks.org.

About the Consumer Bankers Association

The Consumer Bankers Association represents America's leading retail banks. We promote policies to create a stronger industry and economy. Established in 1919, CBA's corporate member institutions account for 1.7 million jobs in America, extend roughly $4 trillion in consumer loans and provide $275 billion in small business loans annually. Follow us on X @consumerbankers.

About the Defense Credit Union Council

The Defense Credit Union Council is the trusted resource for credit unions on all military and veteran matters. By maintaining a close and constant liaison with the Pentagon, Capitol Hill, and NCUA, DCUC champions the interests of credit unions serving our military and veteran communities by coordinating policy, procedures, and legislation impacting morale and welfare, financial readiness, and the delivery of quality financial products and services. Organized in 1963, DCUC's membership is comprised of more than 200 credit unions with over 40 million members. If you would like more information, please contact DCUC Communications Specialist Haleigh Laverty at [email protected].

About the Electronic Payments Coalition

We are the credit unions, community banks, payment card networks, and institutions who support the backbone of our economic system: electronic payments. Learn more at electronicpaymentscoalition.org.

About the National Bankers Association

Founded in 1927, the National Bankers Association (NBA) champions minority depository institutions, advocating for mission-driven banks that serve underserved and low- to-moderate-income communities. Representing community banks across 43 states and territories, NBA promotes economic empowerment, capital access and financial inclusion. Learn more at www.nationalbankers.org.

About ICBA

The Independent Community Bankers of America® has one mission: to create and promote an environment where community banks flourish. We power the potential of the nation's community banks through effective advocacy, education, and innovation.

As local and trusted sources of credit, America's community banks leverage their relationship-based business model and innovative offerings to channel deposits into the neighborhoods they serve, creating jobs, fostering economic prosperity, and fueling their customers' financial goals and dreams. For more information, visit ICBA's website at icba.org.