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.
"It comes down to a fairness issue. She wants to be sure that it is handled in a way that is fair to banks, consumers and merchants," said Capito's spokeswoman, Jamie Corley.
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