Daily Financial Regulation Update -- Friday, September 11, 2026

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Major Developments

Federal Reserve Board
Federal Deposit Insurance Corporation
Office of the Comptroller of the Currency

Agencies Reduce Regulatory Burden for Community Banks

September 10, 2026

The Federal Reserve Board, Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency issued an interim final rule increasing the number of community banks eligible for an 18-month exam cycle.

• Press Release
• Interim Final Rule
• Fed Board Memo
• FDIC Financial Institution Letter
• OCC Bulletin

 

Federal Agencies

Federal Reserve Bank of Boston

Article: ‘Why Does the Federal Reserve Do Regional Economic Research?’

September 10, 2026

The Federal Reserve Bank of Boston published an article titled “Why does the Federal Reserve do regional economic research?”

• Article

 

Securities and Exchange Commission

Investor Advisory Committee Meeting — Remarks From SEC Chair and Commissioners

September 10, 2026

The Securities and Exchange Commission’s Investor Advisory Committee held a meeting on Sept. 10, for which Chair Paul S. Atkins and Commissioners Hester M. Peirce and Mark T. Uyeda gave remarks.

• Meeting
• Chair Atkins Remarks
• Commissioner Peirce Remarks
• Commissioner Uyeda Remarks

 

Bank Policy Institute

Blog: ‘A Post-Pandemic Consumer-Centered View of Fraud: Consumer Characteristics and Fraud Victimization’

September 10, 2026

The Bank Policy Institute published a blog post titled “A Post-Pandemic Consumer-Centered View of Fraud: Consumer Characteristics and Fraud Victimization.”

• Blog

 

State Agencies

New York State Department of Financial Services

Guidance on How to Conduct and Use Risk Assessments Required by the DFS Cybersecurity Regulation

September 10, 2026

The New York State Department of Financial Services issued guidance on how to conduct and use risk assessments required by DFS Cybersecurity Regulation.

• Guidance

 

Administration Changes

Appointments/Confirmation Hearings

U.S. Department of the Treasury – Scott Bessent (effective January 27, 2025)

Federal Reserve Board – Kevin Warsh (effective May 22, 2026)

• 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)
• Governor Jerome H. Powell (sworn in June 16, 2014)

 

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 (effective January 13, 2026)

• Vice Chairman Vacant
• Director Vacant
• Director Jonathan Gould (Comptroller of the Currency)
• Acting Director Mark Paoletta (Acting 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 (effective December 22, 2025)

Consumer Financial Protection Bureau – Mark Paoletta (Acting Director effective August 1, 2026); Nominee Brian Johnson (nominated June 10, 2026 – nomination hearing July 24, 2026)

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