PH FedACTion: Financial Regulatory Updates
Daily Financial Regulation Update -- Wednesday, April 1, 2026
April 01, 2026
Edited by Lawrence D. Kaplan, Jason Shafer and Kris Knabe
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Federal Agencies
Federal Reserve Board
Fed Governor Delivers Remarks on Stablecoins
March 31, 2026
Federal Reserve Board Gov. Michael S. Barr gave brief remarks on stablecoins at The Federalist Society’s panel, “The GENIUS Act in Practice: Key Questions for Stablecoin Regulation” in Washington, D.C.
Federal Reserve Bank of New York
Article: ‘The Implementation of Reserve Management Purchases to Maintain Ample Reserves’
March 31, 2026
The Federal Reserve Bank of New York published a The Teller Window article titled “The Implementation of Reserve Management Purchases to Maintain Ample Reserves.”
Blog: ‘Behind the ATM: Exploring the Structure of Bank Holding Companies’
March 31, 2026
The Federal Reserve Bank of New York published a Liberty Street Economics blog post titled “Behind the ATM: Exploring the Structure of Bank Holding Companies.”
Federal Deposit Insurance Corporation
FDIC Issues 2026 Consumer Compliance Supervisory Highlights
March 31, 2026
The Federal Deposit Insurance Corporation issued the 2026 edition of the Consumer Compliance Supervisory Highlights.
Office of the Comptroller of the Currency
OCC Issues Final Rule to Rescind Recovery Planning Guidelines
March 31, 2026
The Office of the Comptroller of the Currency (OCC) announced a final rule to rescind its recovery planning guidelines for certain large insured national banks, federal savings associations and federal branches.
OCC Reports Q4 2025 Bank Trading Revenue
March 31, 2026
The OCC reported cumulative trading revenue of U.S. commercial banks and savings associations of $14.9 billion in the fourth quarter of 2025.
Securities and Exchange Commission
SEC Highlights Financial Independence During Financial Literacy Month
March 31, 2026
The Securities and Exchange Commission’s Office of Investor Education and Assistance announced that as part of April’s National Financial Literacy Month, it will highlight financial planning tools and resources on Investor.gov to encourage people to build toward financial independence.
Commodity Futures Trading Commission
2025 HMDA Data on Mortgage Lending Now Available
March 31, 2026
The Home Mortgage Disclosure Act (HMDA) Modified Loan Application Register data for 2025 are now available on the Federal Financial Institutions Examination Council’s HMDA Platform for approximately 4,768 HMDA filers.
FINRA
FINRA Launches Financial Intelligence Fusion Center to Combat Cybersecurity and Fraud Threats
March 31, 2026
FINRA announced the launch of the Financial Intelligence Fusion Center, a secure portal for FINRA and its member firms to share timely intelligence about cybersecurity and fraud threats and coordinate responses.
Federal Housing Finance Agency
FHFA House Price Index® Up 0.1% in January; Up 1.6% From Last Year
March 31, 2026
U.S. house prices rose 0.1% in January, according to the U.S. Federal Housing seasonally adjusted monthly House Price Index (FHFA HPI®).
State Agencies
California Department of Financial Protection and Innovation
DFPI Opens New CalMoneySmart Grant Application Period
March 30, 2026
The California Department of Financial Protection and Innovation announced that $3.2 million in grants is available through the 2026–28 CalMoneySmart program for nonprofit organizations that provide free financial empowerment services to California residents.
International
Bank of England
Banking Sector Regulatory Capital — Q4 2025
March 31, 2026
The Bank of England released the banking sector regulatory capital statistics for Q4 2025.
Bank of England Prudential Regulation Authority
Policy Statement: ‘Financial Services Compensation Scheme – Management Expenses Levy Limit (MELL) 2026/27’
March 31, 2026
The Prudential Regulation Authority published a policy statement titled “Financial Services Compensation Scheme – Management Expenses Levy Limit (MELL) 2026/27.”
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 Christopher J. Waller (sworn in December 18, 2020)
- Governor Lisa D. Cook (sworn in September 13, 2022 – SCOTUS hearing on purported termination to be held in January 2026)
- Stephen Miran (sworn in September 16, 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, nominated to be Chair September 30, 2025 and Confirmed December 18, 2025)
- Vice Chairman Vacant
- Director Vacant
- Director Jonathan Gould (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 – Michael Selig (confirmed December 18, 2025)
Consumer Financial Protection Bureau – 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
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