Get the facts on the Federal Reserve’s new payment service.

How to stay ahead in the digital payments era.

The Federal Reserve should allow all credit unions—regardless of the source of deposit insurance—access to its Bank Term Funding Program (BTFP), CUNA, the American Association of Credit Union Leagues, and 45 state credit union Leagues and Associations wrote to the Federal Reserve Wednesday.

The Federal Reserve should extend the effective date for its recent Regulation II final rule to Jan. 1, 2025 in order provide debit card issuers time to implement its requirements, CUNA wrote to the Fed. The rule will currently become effective July 1.

Grabbing the headlines were rate hikes and Elon Musk’s interesting path to Twitter ownership.

The Federal Reserve’s tapering of Treasury and 
mortgage-backed securities will lead to higher interest rates.