Daily Financial Regulation Update -- Thursday, October 8, 2026

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Federal Agencies

Federal Reserve Board

Minutes: Federal Open Market Committee Meeting

October 7, 2026

The Federal Reserve released the minutes of the Federal Open Market Committee meeting that was held on Sept. 15–16.

• Minutes
• Press Release

 

Federal Reserve Bank of New York

Release: Survey of Consumer Expectations for September

October 7, 2026

The Federal Reserve Bank of New York’s Center for Microeconomic Data released the September Survey of Consumer Expectations, which shows that households’ inflation expectations increased at the short- and medium-term horizons and remained unchanged at the longer-term horizon.

• Survey
• Press Release

 

Report: ‘The Investment Channel of Monetary Policy: Disentangling Firm Heterogeneity’

October 7, 2026

The Federal Reserve Bank of New York published a staff report titled “The Investment Channel of Monetary Policy: Disentangling Firm Heterogeneity.”

• Report

 

Blog: ‘Firm Heterogeneity and the Response of Investment to Monetary Policy’

October 7, 2026

The Federal Reserve Bank of New York published a Liberty Street Economics blog post titled “Firm Heterogeneity and the Response of Investment to Monetary Policy.”

• Blog

 

Speech: ‘The US Economy: National & Regional Outlook’

October 7, 2026

Kartik Athreya, the Federal Reserve Bank of New York’s director of research, gave a presentation titled “The U.S. Economy: National & Regional Outlook” at the Independent Bankers Association of New York State.

• Presentation

 

Office of the Comptroller of the Currency

Comptroller Gould Announces New Efforts to Combat Financial Fraud in Minnesota

October 7, 2026

Comptroller of the Currency Jonathan V. Gould convened a panel of community bankers in Minneapolis on Oct. 6 to discuss ongoing efforts to combat financial fraud.

• Press Release

 

US Small Business Administration

SBA, OIG and PRAC Reinforce Whole-of-Government Approach to Fraud Prevention

October 7, 2026

Small Business Administration Inspector General and Pandemic Response Accountability Committee (PRAC) Chairman William W. Kirk welcomed the Treasury Department’s announcement of expanded fraud prevention and payment verification safeguards, emphasizing the importance of a whole-of-government approach to protecting taxpayer dollars.

• Press Release

 

International

European Banking Authority

Speech: ‘A Sense of Urgency, Commitment and Hope for Europe’s Banking Sector’

October 7, 2026

European Banking Authority Chair François-Louis Michaud gave a speech titled “A sense of urgency, commitment and hope for Europe’s banking sector.”

• Speech

 

Bank of England

Minutes: The London FXJSC Legal Subcommittee Meeting

October 7, 2026

The Bank of England released the minutes of the London Foreign Exchange Joint Standing Committee (FXJSC) legal subcommittee’s meeting held June 16.

• Minutes

 

Minutes: The London FXJSC Main Committee Meeting

October 7, 2026

The Bank of England released the minutes of the London FXJSC main committee meeting held June 24.

• Minutes

 

Bank of England Prudential Regulation Authority

Regulatory Thresholds Set to Shift to Automatic Increases

October 7, 2026

The Prudential Regulation Authority has proposed that 128 thresholds across banking, insurance and credit unions increase automatically with nominal gross domestic product (GDP) going forward.

• Press Release
• Consultation Paper

 

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