PH FedACTion: Financial Regulatory Updates
Daily Financial Regulation Update -- Friday, April 24, 2026
April 24, 2026
Edited by Lawrence D. Kaplan, Jason Shafer and Kris Knabe
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Federal Agencies
Federal Reserve Board
Federal Deposit Insurance Corporation
Office of the Comptroller of the Currency
Agencies Finalize Changes to Enhance Community Bank Leverage Ratio
April 23, 2026
The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation jointly finalized a rule to modify the community bank leverage ratio consistent with existing statutory authority.
National Credit Union Administration
NCUA Seeks Comment on Enhancing and Streamlining Data Collection
April 23, 2026
The National Credit Union Administration announced a request for information on opportunities to enhance and streamline NCUA’s data collections.
Conference of State Bank Supervisors
Blog: ‘New MTMA Guidance Brings Clarity to Stablecoin and Lease Accounting’
April 23, 2026
The Conference of State Bank Supervisors published a blog post titled “New MTMA Guidance Brings Clarity to Stablecoin and Lease Accounting.”
Bank Policy Institute
Blog: ‘Crypto Hacks and DeFi Runs’
April 23, 2026
The Bank Policy Institute published a blog post titled “Crypto Hacks and DeFi Runs.”
Blog: ‘Time for a Reckoning on AML and Crypto’
April 23, 2026
The Bank Policy Institute published a blog titled “Time for a Reckoning on AML and Crypto.”
International
European Commission
Commission Greenlights Poland’s 4th Payment Request for €7.2 billion Under NextGenerationEU
April 22, 2026
The European Commission positively assessed Poland’s fourth payment request for €7.2 billion under the Recovery and Resilience Facility (RRF), the centerpiece of NextGenerationEU.
EBA Responds to Commission’s Proposed Changes to Draft Technical Standards on Operational Risk
April 23, 2026
The European Banking Authority published an opinion on the European Commission’s proposed amendments to the final draft Regulatory Technical Standards specifying operational risk requirements under the Capital Requirements Regulation.
Bank of England
Bank of England Publishes Policy Statement on SM&CR
April 22, 2026
The Bank of England published Policy Statement 12/26 – Review of the Senior Managers and Certification Regime (SM&CR) − Phase 1.
Bank of England Publishes Low Impact Amendments Consultation
April 23, 2026
The Bank of England Published Low Impact Amendments Consultation for April 2026.
Bank of England Publishes Low Impact Amendments Finalization
April 23, 2026
The Bank of England published Low Impact Amendments Finalization for April 2026.
Financial Conduct Authority
FCA Publishes Financial Adviser Market Survey Findings
April 23, 2026
The Financial Conduct Authority published findings from its financial adviser survey.
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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