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. Shelley Moore Capito (R-W.Va.) told Credit Union Times that there was strong support in the House for her bill to delay implementation of the rule by one year, though she declined to predict how it would fare in a vote.
Capito, who chairs the subcommittee that oversees credit unions, said her chamber won't take any action until it see whether the Senate acts, because that chamber has "a steeper hill to climb."
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