Daily Financial Regulation Update -- Monday, September 15, 2025

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

 

Federal Agencies

U.S. Department of the Treasury

Secretary Bessent and Ambassador Greer Issue Joint Statement on Emergency G7 Finance Call

September 12, 2025

Treasury Secretary Scott Bessent and Ambassador Jamieson Greer issued a statement following a call with the G7 finance ministers.

• Statement

 

Federal Reserve Bank of Boston

Article: ‘“Capital absorption” is big in economic development. But what is it?’

September 12, 2025

The Federal Reserve Bank of Boston published an article regarding a Boston Fed event offering advice and resources on how to move funding where it is needed.

• Article

 

Commodity Futures Trading Commission

CFTC Staff Withdraws Guidance on DCO Recovery Plans and Wind-Down Plans

September 11, 2025

The Commodity Futures Trading Commission’s Division of Clearing and Risk announced it is withdrawing CFTC Letter No 16-61, “Recovery Plans and Wind-down Plans Maintained by Derivatives Clearing Organizations and Tools for the Recovery and Orderly Wind-down of Derivatives Clearing Organizations,” effective immediately.

• Staff Letter
• Press Release

 

Federal Housing Finance Agency

Enterprise Non-Performing Loan Sales Report — December 2024

September 12, 2025

The Federal Housing Finance Agency released the Enterprise Non-Performing Loan Sales Report for December 2024.

• Report
• Press Release

 

International

European Banking Authority

EBA Publishes Draft Amendments to the Framework for Reporting of MREL Decisions by Resolution Authorities to EBA

September 12, 2025

The European Banking Authority (EBA) published its final draft Implementing Technical Standards (ITS) amending the framework for reporting of decisions on the Minimum Requirement for Own Funds and Eligible Liabilities (MREL) by resolution authorities to the EBA.

• Press Release
• Report

 

Bank of England

Bank of England/Ipsos Inflation Attitudes Survey — August 2025

September 12, 2025

The Bank of England released the August 2025 Inflation Attitudes Survey.

• Survey

 

Financial Conduct Authority

FCA Launches £1 Million Campaign to Raise Awareness of Motor Finance Compensation Scheme

September 12, 2025

The Financial Conduct Authority is launching a £1 million campaign letting motor finance customers know they do not need to use a claims management company (CMC) or law firm to access an industry-wide compensation scheme the regulator is proposing.

• 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 Michelle W. Bowman (sworn in November 26, 2018)
• Governor Christopher J. Waller (sworn in December 18, 2020)
• Governor Lisa D. Cook (sworn in September 13, 2022; purportedly terminated August 25, 2025)
• Stephen Miran (nominated August 7, 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 Rodney Hood (Acting 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 – Brian Quintenz (nominated February 11, 2025); Caroline D. Pham (Acting Chairman effective January 20, 2025)

Consumer Financial Protection Bureau – Jonathan McKernan (nominated February 11, 2025); 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