Daily Financial Regulation Update -- Friday, May 1, 2026

Subscribe to PH FedACTion: Financial Regulatory Updates
Subscribe to the PHFintech: Crypto Policy Tracker

 

Congress

U.S. House of Representatives

Committee on Financial Services

Committee Task Force Reviews Role of Derivatives in Treasury Market

April 30, 3036

The House Financial Services Committee’s Task Force on Monetary Policy, Treasury Market Resilience and Economic Prosperity held a hearing titled “Examining Derivatives’ Role in the Treasury Market.”

• Press Release

 

Federal Agencies

Commodity Futures Trading Commission

CFTC Chairman Delivers Keynote Remarks at ISDA 40th Annual General Meeting

April 30, 2026

CFTC Chairman Michael S. Selig gave the keynote remarks at ISDA 40th Annual General Meeting in Boston.

• Speech

 

National Credit Union Administration

2025 Cybersecurity and Credit Union System Resilience Report

April 30, 2026

The NCUA published the 2025 Cybersecurity and Credit Union System Resilience Report.

• Report

 

U.S. Department of Education

Department of Education Finalizes Landmark Rule to Lower College Costs and Simplify Student Loan Repayment

April 30, 2026

The U.S. Department of Education released a final rule that will lower the cost of college and simplify student loan repayment.

• Final Rule
• Press Release

 

International

Bank of England

Bank of England Publishes Letters on CPI Inflation

April 30, 2026

The Bank of England published an exchange of letters between its governor and HM Treasury’s chancellor regarding CPI inflation.

• Letter from the Governor to the Chancellor
• Letter from the Chancellor to the Governor
• Press Release

 

Monetary Policy Report — April 2026

April 30, 2026

The Bank of England published the Monetary Policy Report for April 2026.

• Report

 

Credit Union Quarterly Statistics — Q4 2025

April 30, 2026

The Bank of England published the credit union quarterly statistics for Q4 2025.

• Quarterly Statistics
• Press Release

 

Financial Conduct Authority

Speech: ‘A reform-minded regulator’

April 30, 2026

Financial Conduct Authority (FCA) Chief Executive Nikhil Rathi gave a speech titled “A reform-minded regulator” at the Association of Foreign Banks luncheon at the Mansion House.

• Speech

 

FCA Sets Out Guidance to Support Innovation in Fund Tokenization

April 30, 2026

The Financial Conduct Authority published guidance to support innovation in fund tokenization.

• Policy Statement
• Consultation Paper
• Press Release

 

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