PH FedACTion: Financial Regulatory Updates
Daily Financial Regulation Update -- Friday, April 10, 2026
April 10, 2026
Edited by Lawrence D. Kaplan, Jason Shafer and Kris Knabe
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Federal Agencies
Commodity Futures Trading Commission
CFTC Seeks to Enjoin Arizona Criminal and Civil Enforcement Against Prediction Markets
April 9, 2026
The Commodity Futures Trading Commission filed a motion in the U.S. District Court for the District of Arizona seeking a preliminary injunction and temporary restraining order that would halt Arizona’s efforts to apply state criminal and gambling laws against CFTC-regulated prediction markets.
U.S. Department of the Treasury
Treasury Launches Cybersecurity Information Sharing Initiative for the Digital Asset Industry
April 9, 2026
The U.S. Department of the Treasury’s Office of Cybersecurity and Critical Infrastructure Protection announced a new initiative to strengthen cybersecurity across the digital asset industry.
Federal Reserve Bank of New York
Blog: ‘A Closer Look at Emerging Market Resilience During Recent Shocks’
April 9, 2026
The Federal Reserve Bank of New York published a Liberty Street Economics blog post titled “A Closer Look at Emerging Market Resilience During Recent Shocks.”
Federal Reserve Bank of Boston
Report: ‘English Proficiency and Labor Market Outcomes in New England’
April 9, 2026
The Federal Reserve Bank of Boston published a research report titled “English Proficiency and Labor Market Outcomes in New England.”
Financial Crimes Enforcement Network
FinCEN Updates FAQs on Geographic Targeting Order for Minnesota Money Transmitters and Banks
April 9, 2026
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued updated frequently asked questions and responses pertaining to its Geographic Targeting Order affecting money transmitters and banks in Hennepin and Ramsey counties in Minnesota.
National Credit Union Administration
NCUA Briefed on Brokered and Reciprocal Deposits, Deregulation Project, and Strategic and Annual Performance Plans
April 9, 2026
The National Credit Union Administration (NCUA) held a board meeting during which it heard a briefing on recently published frequently asked questions related to brokered and reciprocal deposits. The board was also briefed on NCUA’s ongoing Deregulation Project, the 2026-2030 Strategic Plan, and the 2026 Annual Performance Plan.
International
European Banking Authority
EBA Consults on Guidelines to Limit Exposure to Shadow Banking Entities
April 9, 2026
The European Banking Authority (EBA) launched a public consultation on revised guidelines limiting exposure to shadow banking entities operating outside a regulated framework.
EBA Publishes List of Known Data Point Model Issues
April 9, 2026
The EBA announced that it will begin publishing regularly a list of known issues related to the data point model (DPM) framework to enhance transparency and support reporting institutions.
Bank of England
Credit Conditions Survey — Q1 2026
April 9, 2026
The Bank of England released the Q1 2026 Credit Conditions Survey.
Bank Liabilities Survey — Q1 2026
April 9, 2026
The Bank of England released the Q1 2026 Bank Liabilities Survey.
Administration Changes
Vacancies
Appointments
U.S. Department of the Treasury – Scott Bessent (effective January 27, 2025)
Federal Reserve Board – Jerome H. Powell (effective May 23, 2022)
- Vice Chair Phillip N. Jefferson (sworn in September 13, 2023)
- Vice Chair for Supervision Michelle W. Bowman (sworn in June 9, 2025)
- Governor Michael Barr (sworn in July 19, 2022)
- Governor Christopher J. Waller (sworn in December 18, 2020)
- Governor Lisa D. Cook (sworn in September 13, 2022 – SCOTUS hearing on purported termination to be held in January 2026)
- Stephen Miran (sworn in September 16, 2025)
Federal Reserve Bank of New York – John C. Williams (effective June 18, 2018)
Federal Reserve Bank of Boston – Susan M. Collins (effective July 1, 2022)
Federal Deposit Insurance Corporation – Travis Hill (Acting Chairman effective January 20, 2025, nominated to be Chair September 30, 2025 and Confirmed December 18, 2025)
- Vice Chairman Vacant
- Director Vacant
- Director Jonathan Gould (Comptroller of the Currency)
- Director Russel Vought (Director of Consumer Financial Protection Bureau)
Office of the Comptroller of the Currency – Jonathan Gould (effective July 15, 2025)
Securities and Exchange Commission – Paul Atkins (effective April 9, 2025)
Commodity Futures Trading Commission – Michael Selig (confirmed December 18, 2025)
Consumer Financial Protection Bureau – Russel Vought (Acting Director effective February 10, 2025)
National Credit Union Administration – Kyle Hauptman (Chairman effective January 20, 2025)
Small Business Administration – Kelly Loeffler (effective February 19, 2025)
U.S. Department of Housing and Urban Development – Scott Turner (effective February 5, 2025)
Federal Housing Finance Agency – William Pulte (effective March 13, 2025)
U.S. Department of Education – Linda McMahon (effective March 3, 2025)
Financial Crimes Enforcement Network – Andrea Gacki (effective July 13, 2023)
PH Client Alerts
Click here to read more from our Coronavirus series.
Legislation/Legislative Updates
Click here to view the full text of the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”), enacted March 27, 2020.
Click here to view the full text of the Paycheck Protection Program Increase Act of 2020, enacted April 24, 2020.
Click here to view the full text of the Paycheck Protection Program Flexibility Act of 2020, enacted June 5, 2020.
Click here to view the full text of theConsolidated Appropriations Act, 2021, enacted December 27, 2020.
Click here to view the full text of the American Rescue Plan of 2021, enacted March 11, 2021.
Click here to view the full text of the PPP Extension Act of 2021, enacted March 30, 2021.
Click here to view a running list of proposed legislation from the Senate Committee on Banking, Housing and Urban Affairs, Senate Committee on Small Business and Entrepreneurship, House Committee on Financial Services and House Committee on Small Business
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