DCUC Commends Recent SBA Action In Addressing “Debanking” Crises

Anthony Hernandez

​The Defense Credit Union Council (DCUC) applauds recent steps taken by the Small Business Administration (SBA) in addressing the growing crisis of “debanking” in America.
 
This week, the SBA has instructed more than 5,000 lenders to end debanking practices based on political, religious, or ideological grounds, carrying out President Donald Trump’s Executive Order, “Guaranteeing Free and Fair Banking for All Americans.”
 
DCUC commended the President for the EO, and stated, “This decisive action sends an unmistakable message: in America, access to banking must be based on merit and law—not ideology. We applaud the President’s leadership in targeting unlawful and politicized ‘debanking’ practices that have no place in our financial system,” said Anthony Hernandez, DCUC President/CEO.
 
“No law-abiding American or legitimate business should be shut out of the financial system because of bias or political pressure,” said Jason Stverak, DCUC Chief Advocacy Officer.
 
In late January, DCUC wrote to Senate Banking, Housing, and Urban Affairs Committee Chair Tim Scott (R-SC) and Ranking Member Elizabeth Warren (D-MA), urging recognition of credit unions’ importance in safeguarding financial inclusion ahead of the Committee’s hearing, “Investigating the Real Impacts of Debanking in America.”
 
DCUC also spoke to this issue in an article with CUToday, titled, “Credit Unions: A Reliable Shield Against the Growing Crisis of Debanking,” highlighting how credit unions prioritize relationships over rigid risk models, offering a vital safety net for those unfairly excluded by mainstream banks.
 
“DCUC and our member credit unions stand ready to partner with the White House, Congress, the U.S. Treasury, and federal agencies like the SBA to strengthen financial inclusion and safeguard access to fair banking for all Americans—including veterans and military families who have served our nation,” said Hernandez.

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