Capito Plans To Introduce Interchange Bill in House
Rep. Shelley Moore Capito (R-W.Va.) plans to introduce later today a bill that would delay the implementation of the Federal Reserve’s debit interchange rule by one year.
The bill would call for a study of the issue by the Fed, the NCUA, the FDIC, and the Comptroller of the Currency. By contrast, a similar bill introduced earlier today by Sen. Jon Tester (D-Mont.) would delay implementation by two years.