Daily Financial Regulation Update -- Monday, October 19, 2026

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Federal Agencies

Federal Reserve Bank of Boston

Working Paper: ‘Pass-Through Beyond the Border: Oligopoly, Networks and Tariffs’

October 16, 2026

The Federal Reserve Bank of Boston published a working paper titled “Pass-through beyond the Border: Oligopoly, Networks, and Tariffs.”

• Press Release
• Working Paper

 

Securities and Exchange Commission

Speech: ‘Statewide Joint Powers Authorities and Energy Prepay Bonds’

October 15, 2026

Director of the Office of Municipal Securities Dave A. Sanchez gave a speech titled “Statewide Joint Powers Authorities and Energy Prepay Bonds” at the Bond Buyer's California Public Finance Conference in San Francisco.

• Speech

 

State Agencies

California Department of Financial Protection and Innovation

Financial Institutions Ordered to Report Data on Insurance Payouts to LA Fires Survivors

October 15, 2026

The Business and Consumer Services Agency (BCSA) and Department of Financial Protection and Innovation (DFPI) ordered financial institutions to report on how they are handling the disbursement of insurance payouts to assist survivors of the Eaton and Palisades fires in rebuilding. California is investigating whether lenders have delayed payments to survivors, failed to provide a timely appeal process for decisions about releasing funds or held insurance money even after a loan was fully paid.

• 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