The long-awaited Senate showdown on an amendment to delay the implementation of the Federal Reserve's rule regulating debit interchange fees could take place as early as next Wednesday.

Several sources told Credit Union Times that the amendment to delay the implementation by 15 months will be offered by Sen. Jon Tester (D-Mont.) during debate over a bill to fund the Economic Development Administration.  

A spokeswoman for Tester, when asked about the timing and whether Tester had the votes to pass the amendment, wrote in an email that she didn't have any updates.

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