Beige Book confirms several NAFCU-reported economic trends
The Federal Reserve's Beige Book released Wednesday reflected a continued increase in economic activity in all districts; however, the pace of the growth is still characterized as slight to modest. In addition, the Beige Book noted that overall outlook expressed by the district contacts remains generally optimistic, with a considerable degree of uncertainty remaining.

NAFCU keeping CU priorities top of mind as relief negotiations continue
Following the Senate's failure to advance another "skinny" version of its proposed Phase 4 relief package, House Speaker Nancy Pelosi, D-Calif., and Treasury Secretary Steven Mnuchin – who has been representing the Trump administration in relief negotiations – continue to discuss a possible deal. NAFCU's award-winning advocacy team is monitoring discussions and sharing credit union priorities with lawmakers and key stakeholders.

GSEs to keep buying loans in forbearance through Nov. 30
After extending some coronavirus pandemic-related loan flexibilities earlier this week, the Federal Housing Finance Agency (FHFA) has now extended its temporary policy allowing the government-sponsored enterprises (GSEs) to purchase certain single-family mortgage loans in forbearance through Nov. 30.

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