A bill that would move up the implementation date of the measure to overhaul credit card rules and another that would place limits on interchange fees will be the subject of a House Financial Services Committee hearing next Thursday.

The panel will hear testimony about a bill by House Financial Services Committee Chairman Barney Frank (D-Mass.) and Joint Economic Committee Chairman Carolyn Maloney (D-N.Y.) that would have most of the provisions of the credit card bill passed in May take effect in December, rather than as scheduled next February.

The lawmakers say the earlier date is needed to prevent credit card issuers from increasing rates and taking other steps that would hurt consumers. Representatives of financial institutions say they are already scrambling to meet the compliance requirements by next February and moving the date up would increase costs and place a strain on their already limited resources.