Saying it’s needed to protect credit unions and community banks, Sens. Jon Tester (D-Mont.) and Bob Corker (R-Tenn.) on Tuesday offered an amendment to delay implementation of the Federal Reserve’s rule regulating debit interchange fees.

The amendment calls for a six-month study by the NCUA and other regulators to consider the fixed and incremental costs to the financial institutions of the new rules, whether the rules will adversely affect consumers, and whether the small issuer exemption is feasible.

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