PH FedACTion: Financial Regulatory Updates
Daily Financial Regulation Update -- Wednesday, February 4, 2026
February 04, 2026
Edited by Lawrence D. Kaplan, Jason Shafer and Kris Knabe
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Federal Agencies
U.S. Department of the Treasury
Treasury Announces Marketable Borrowing Estimates
February 2, 2026
The U.S. Department of the Treasury announced its current estimates of privately-held net marketable borrowing for the January–March 2026 and April–June 2026 quarters.
Economy Statement for the Treasury Borrowing Advisory Committee
February 2, 2026
The U.S. Department of the Treasury released the economy statement for Q4 25 from the Treasury Borrowing Advisory Committee.
Federal Reserve Bank of New York
Blog: ‘A New Dataset for Consumer Spending in the New York Fed EHIs’
February 3, 2026
The Federal Reserve Bank of New York published a Liberty Street Economics blog post titled “A New Dataset for Consumer Spending in the New York Fed EHIs.”
Blog: ‘New York Fed EHIs Reveal Small Business Struggles’
February 3, 2026
The Federal Reserve Bank of New York published a Liberty Street Economics blog post titled “New York Fed EHIs Reveal Small Business Struggles.”
Article: ‘Two Cities, One Vision: Growth and Innovation in New Jersey’
February 3, 2026
The Federal Reserve Bank of New York published a The Teller Window article titled “Two Cities, One Vision: Growth and Innovation in New Jersey.”
Securities and Exchange Commission
Remarks: ‘Artificial Intelligence and the Future of Investment Management’
February 3, 2026
Securities and Exchange Commission Director of Investment Management Brian Daly gave remarks titled “Artificial Intelligence and the Future of Investment Management” at the Investment Company Institute (ICI) Winter Board Meeting.
International
Bank of England Prudential Regulation Authority
Financial Conduct Authority
Regulators Announce First Firms to Join Scale-Up Unit
February 3, 2026
The Prudential Regulation Authority and Financial Conduct Authority announced the first cohort of banks and building societies to benefit from their joint Scale-Up Unit.
Financial Conduct Authority
Falling Cost of Premium Finance Saving Consumers Around £157 Million a Year
February 3, 2026
The Financial Conduct Authority (FCA) released a report on a market study on lowering the cost of premium finance.
Blog: ‘What do we mean when we say “fair value”?’
February 3, 2026
FCA Director Graeme Reynolds published a blog post titled “What do we mean when we say ‘fair value’?”
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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