By Emma Parsons
AMBA joined a coalition of major banking, credit union, and payments industry associations in a joint letter to Congress on January 22, 2026, urging lawmakers to oppose the proposed Credit Card Competition Act (the Durbin–Marshall bill) and any expansion of the Durbin amendment. The letter reiterates that increased federal intervention in the credit card market … Continued
By Omuso George
The Association of Military Banks of America (AMBA) supports strong, effective consumer protections for service members and their families. However, a proposed policy to impose a 10% cap on credit card interest rates would have unintended and harmful consequences for military consumers, particularly junior enlisted personnel and those with limited credit histories. While the proposal … Continued
By Omuso George
The Association of Military Banks of America (AMBA) has joined a broad coalition of national banking and credit union trade associations in a joint CEO letter urging the U.S. Senate to close a critical legal loophole that could significantly reduce local lending across the country. The letter, signed by the chief executives of organizations representing … Continued
By Omuso George
Washington, D.C. — On January 12, 2026, the Association of Military Banks of America (AMBA) and the Defense Credit Union Council (DCUC) submitted a joint letter to congressional leadership expressing strong opposition to the proposed Credit Card Competition Act (CCCA). In a rare alignment, banks and credit unions that serve military communities are united in warning that the legislation would … Continued
By Eddie Pasa
National banking and credit union associations have urged Congress to reject the Durbin-Marshall “Credit Card Competition Act” interchange amendment and a related commissary fee study in the FY2026 National Defense Authorization Act (NDAA). They warn that these provisions, unrelated to defense, would harm consumers by reducing card security, eliminating rewards, and raising costs—while benefiting only … Continued
By Eddie Pasa
This guide is designed to help nonprofit and community organizations, including those serving military and veteran families, understand how to build strategic, mutually beneficial partnerships with banks. Developed by the ABA Foundation, whose mission is to empower banks as catalysts for positive change, the guide outlines practical steps nonprofits can take to unlock financial resources, … Continued
By Eddie Pasa
AMBA is committed to helping our member banks make a meaningful impact in their communities. Through our Matching Grant Program, AMBA partners with member banks to support their initiatives that align with their community service goals. We invite you to apply today by completing the application below and submitting the required documentation. Grant Details: Up … Continued
By Eddie Pasa
Washington, D.C. – The Association of Military Banks of America (AMBA) commends Congressman French Hill, Chair-Elect of the House Financial Services Committee, for his leadership in introducing the Military Financial Services Protection Act of 2024. This critical legislation aims to improve financial protections and services for military members and their families, ensuring they have the … Continued
All the latest updates and industry news, straight to your inbox.
