Insights

PH FedACTion: Financial Regulatory Updates

Daily Financial Regulation Update -- Monday, October 12, 2026

October 12, 2026

Edited by Lawrence D. Kaplan, Jason Shafer and Kris Knabe

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Federal Agencies

Federal Reserve Board

Release: 2025 Survey of Consumer Finances

October 9, 2026

The Federal Reserve Board released the results of the 2025 Survey of Consumer Finances, which provides the public and policymakers with detailed insights into the economic condition of families in the U.S.

Press Release

Federal Reserve Bank of New York

Blog: ‘Prices, Prices, Prices: Overall Inflation and the Costs You Care About’

October 9, 2026

The Federal Reserve Bank of New York published a Liberty Street Economics blog post titled “Prices, Prices, Prices: Overall Inflation and the Costs You Care About.”

Blog

International

European Commission

Press Remarks by Commissioner Maroš Šefčovič at the Second Meeting of the EU-China Trade and Investment Consultations

October 8, 2026

Commissioner Maroš Šefčovič gave press remarks at the second meeting of the EU-China Trade and Investment Consultations in Beijing.

Speech

Joint Statement at the Second Meeting of the EU-China Trade and Investment Consultations

October 8, 2026

The European Commission published a joint statement at the second meeting of the EU-China Trade and Investment Consultations.

Joint Statement

European Banking Authority

EBA CRR3/CRD6 Dashboard Shows Banks Maintain Capital Levels Well Above Minimum Requirements Under the Basel III Framework

October 9, 2026

The European Banking Authority published its CRR3/CRD6 dashboard as of the second quarter for 129 banks at the highest level of consolidation across the EU/EEA.

Press Release

Bank of England

Staff Working Paper No. 1,209: ‘Sorting Into Entrepreneurial Teams’

October 9, 2026

The Bank of England published Staff Working Paper No. 1,209 titled “Sorting into entrepreneurial teams.”

Staff Working Paper No. 1,210: ‘Domestic and Foreign Insurer Corporate Bond Demand and Monetary Policy’

October 9, 2026

The Bank of England published Staff Working Paper No. 1,210 titled “Domestic and foreign insurer corporate bond demand and monetary policy.”

Staff Working Paper No. 1,211: ‘Navigating Climate Policy Shocks: Optimal Monetary Policy Responses’

October 9, 2026

The Bank of England published Staff Working Paper No. 1,211 titled “Navigating climate policy shocks: optimal monetary policy responses.”

CMORG Holds Sector-Wide Cloud Outage Simulation Exercise

October 9, 2026

The Cross-Market Operational Resilience Group completed its biennial simulation exercise known as SIMEX26, focused this year on a global cloud services disruption.

Press Release

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