Efforts to delay the implementation of the Federal Reserve’s debit interchange rule continued on Capitol Hill and at the grassroots level last week.
Rep. Barney Frank, the senior Democrat on the House Financial Services Committee, today endorsed legislation that would delay implementation of the Federal Reserve’s rule regulating debit interchange fees.
Congress won’t undertake a massive overhaul of the regulatory system during the next two years, but there will no shortage of action on lower profile issues that impact credit unions.
Fannie Mae and Freddie Mac should eventually be abolished and the government should cut back its role in the housing market while financial institutions should hold more capital.
The ink is barely dry on the financial overhaul bill and already some lawmakers and interest groups are looking at ways to tweak it.
House Speaker John Boehner (R-Ohio) will speak at CUNA's Governmental Affairs Conference, the trade association announced today.
Upon being sworn in for her third term in the House of Representatives, Rep. Michele Bachmann (R-Minn.) introduced
Rep. Barney Frank, the top Democrat on the House Financial Services Committee, will speak at CUNA's Governmental Affairs Conference, the group announced today.
With their new majority in the House, Republicans are vowing to keep a close eye on regulators, and the Federal Reserve's regulation of interchange could well be one of the lawmakers' top priorities.
Rep. Barney Frank, the top Democrat on the House Financial Services Committee, invoked images of the Wild West in blasting efforts by Rep. Michele Bachmann (R-Minn.) to repeal the financial overhaul bill passed last year.