PH FedACTion: Financial Regulatory Updates
Daily Financial Regulation Update -- Wednesday, September 23, 2026
September 23, 2026
Edited by Lawrence D. Kaplan, Jason Shafer and Kris Knabe
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Federal Agencies
US Department of the Treasury
Remarks by Deputy Secretary Brooke Before the Treasury Market Conference
September 22, 2026
Deputy Secretary of the Treasury Francis Brooke gave remarks before the Treasury Market Conference.
Federal Reserve Board
Speech: ‘Discount Window Modernization and Treasury Market Functioning’
September 22, 2026
Federal Reserve Board Vice Chair Philip N. Jefferson gave a speech titled “Discount Window Modernization and Treasury Market Functioning” at the 2026 U.S. Treasury Market Conference at the Federal Reserve Bank of New York in New York City.
Federal Reserve Bank of New York
Speech: ‘Do You Remember?’
September 22, 2026
Federal Reserve Bank of New York President and CEO John C. Williams gave remarks titled “Do You Remember?” at the 2026 U.S. Treasury Market Conference at the Federal Reserve Bank of New York in New York City.
Speech: ‘Supplying Ample Reserves’
Federal Reserve Bank of New York Manager of the System Open Market Account Roberto Perli gave remarks titled “Supplying Ample Reserves” at the 2026 U.S. Treasury Market Conference at the Federal Reserve Bank of New York in New York City.
Blog: ‘Treasury Trading at the Close’
September 22, 2026
The Federal Reserve Bank of New York published a Liberty Street Economics blog post titled “Treasury Trading at the Close.”
Commodity Futures Trading Commission
CFTC Releases Staff Advisory on Mention Markets
September 22, 2026
The Commodity Futures Trading Commission’s Division of Market Oversight issued an advisory that addresses the listing and trading of event contracts that are based on whether an individual will say or “mention” certain words, attend or appear at an event, or otherwise interact with another person, which are commonly referred to as “mention market” contracts.
US Small Business Administration
OIG Report: ‘Small Business Lending Companies’ Performance in the 7(a) Loan Program and SBA’s Oversight’
September 22, 2026
The Office of Inspector General of the Small Business Administration issued a report titled “Small Business Lending Companies’ Performance in the 7(a) Loan Program and SBA’s Oversight.”
OIG Report: ‘Analysis of SBA’s Fiscal Year 2025 Disaster Assistance Program Data’
September 22, 2026
The Office of Inspector General of the Small Business Administration issued a report titled “Analysis of SBA’s Fiscal Year 2025 Disaster Assistance Program Data.”
Bank Policy Institute
Blog: ‘A Post-Pandemic Consumer-Centered View of Fraud: Financial Distress, Demand for Credit and Trust in Financial Institutions’
September 22, 2026
The Bank Policy Institute published a blog post titled “A Post-Pandemic Consumer-Centered View of Fraud: Financial Distress, Demand for Credit and Trust in Financial Institutions.”
International
European Commission
Commission and EIB Group Launch European Institutional Investors Pact to Boost Investment in European Tech Scale-Ups
September 22, 2026
The European Commission and the European Investment Bank (EIB) Group launched the European Institutional Investors Pact at the TechEU Equity Summit. The pact is a new voluntary framework designed to channel more long-term institutional capital into Europe's technology and scale-up ecosystem.
Bank of England
Consultation Paper: ‘The Bank of England’s Fees Regime for Recognized Payment Systems and Specified Service Providers Supervision 2026/27’
September 22, 2026
The Bank of England released a consultation paper titled “The Bank of England’s fees regime for recognized payment systems and specified service providers supervision 2026/27.”
UK Financial Conduct Authority
Release: ‘Debt Advice Warning: Spot the Red Flags’
September 22, 2026
The Financial Conduct Authority urged people seeking debt advice to watch out for red flags.
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
Practice Areas
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