Daily Financial Regulation Update -- Tuesday, August 12, 2025

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Federal Agencies

Federal Reserve Board

Speech: ‘Thoughts on the Economy and Community Bank Capital’

August 9, 2025

Federal Reserve Board Vice Chair for Supervision Michelle W. Bowman gave a speech titled “Thoughts on the Economy and Community Bank Capital” at the Kansas Bankers Association 2025 CEO & Senior Management Summit in Colorado Springs, Colorado.

• Speech

 

Federal Reserve Bank of New York

Blog: ‘Who Is Still on First? An Update of Characteristics of First‑Time Homebuyers’

August 11, 2025

The Federal Reserve Bank of New York published a Liberty Street Economics blog post titled “Who Is Still on First? An Update of Characteristics of First‑Time Homebuyers.”

• Blog

 

International

European Banking Authority

Q1 2025 Supervisory Data Shows EU/EEA Banking Sector Remains Robust Despite Increased Cost of Risk

August 11, 2025

The European Banking Authority (EBA) published its Q1 2025 Risk Dashboard (RDB), which discloses aggregated statistical information for the largest EU/EEA credit institutions.

• Risk Dashboard
• Press Release

 

Financial Conduct Authority

Article: ‘Leveraging the non-bank sector – in good times and bad’

August 11, 2025

Sarah Pritchard, deputy chief executive of the Financial Conduct Authority (FCA), authored an article titled “Leveraging the non-bank sector – in good times and bad.”

• Article

 

Beware Car Finance Scam Calls, FCA Warns

August 11, 2025

The FCA issued a warning to consumers of reports that scammers are pretending to be car finance lenders and falsely claiming that people are owed compensation.

• 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)
• 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