PH FedACTion: Financial Regulatory Updates
Daily Financial Regulation Update -- Friday, November 14, 2025
November 14, 2025
Edited by Lawrence D. Kaplan, Jason Shafer and Kris Knabe
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Federal Agencies
Federal Reserve Board
Federal Deposit Insurance Corporation
Office of the Comptroller of the Currency
Bank Regulators Release 2024 Small Business, Small Farm and Community Development Lending Data
November 13, 2025
The Federal Reserve Board, Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency, as members of the Federal Financial Institutions Examination Council, released data on small business, small farm and community development lending in 2024.
Federal Reserve Bank of New York
Speech: ‘The US Economy in a Time of Policy and Meta-Policy Change’
November 12, 2025
Federal Reserve Bank of New York Director of Research Kartik Athreya gave a speech titled “The U.S. Economy in a Time of Policy and Meta-Policy Change.”
Conference of State Bank Supervisors
Blog: ‘Too Small to Scale: What 10 Years of Data Say About Community Bank Compliance Costs’
November 13, 2025
The Conference of State Bank Supervisors published a blog post titled “Too Small to Scale: What 10 Years of Data Say About Community Bank Compliance Costs.”
FINRA
FINRA Extends Trade Reporting Facilities Operating Hours
November 13, 2025
FINRA issued a regulatory notice indicating it has adopted amendments to Rules 6380A and 6380B to extend the operating hours of the FINRA Trade Reporting Facilities from opening at 8:00 a.m. ET to 4:00 a.m. ET each business day.
International
Bank of England
Central Banks of UK, Singapore and Thailand to Explore Synchronized FX Settlement Across Borders
November 13, 2025
The Bank of England, the Monetary Authority of Singapore and the Bank of Thailand announced a collaboration to explore the technical and policy implications of settling foreign exchange (FX) transactions using synchronized settlement mechanisms.
Minutes of the Market Participants Group Meeting — Nov. 12
November 13, 2025
The Bank of England released the minutes of the Market Participants Group meeting held Nov. 12.
Financial Conduct Authority
Review: CFD Providers May Be Failing to Deliver Fair Value to Consumers
November 13, 2025
A Financial Conduct Authority review found that some contracts for difference (CFD) providers have not risen to Consumer Duty standards.
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)
- 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 – Caroline D. Pham (Acting Chairman effective January 20, 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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