Daily Financial Regulation Update -- Friday, October 10, 2025

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Federal Agencies

Federal Reserve Board

Fed Chair Delivers Welcoming Remarks at Community Bank Conference

October 9, 2025

Chair Jerome H. Powell delivered the Welcoming Remarks at the Community Bank Conference at the Federal Reserve Board in Washington, D.C.

• Speech

 

Fed Vice Chair Delivers Opening Remarks at Community Bank Conference

October 9, 2025

Vice Chair for Supervision Michelle W. Bowman delivered the Opening Remarks at the Community Bank Conference hosted by the Board of Governors of the Federal Reserve System in Washington, D.C.

• Speech

 

Speech: ‘The Economic Outlook and Monetary Policy’

October 9, 2025

Governor Michael S. Barr gave a speech titled “The Economic Outlook and Monetary Policy” at the Economic Club of Minnesota Luncheon in Golden Valley, Minnesota.

• Speech

 

Speech: Community Banking: Looking Toward the Future

October 9, 2025

Vice Chair for Supervision Michelle W. Bowman gave a speech titled “Community Banking: Looking Toward the Future” at the Community Bank Conference hosted by the Board of Governors of the Federal Reserve System in Washington, D.C.

• Speech

 

Federal Reserve Bank of New York

Blog: ‘End‑of‑Month Activity across the Treasury Market’

October 9, 2025

The Federal Reserve Bank of New York published a Liberty Street Economics blog post titled “End‑of‑Month Activity across the Treasury Market.”

• Blog

 

International

Bank of England

Speech: ‘Explaining the consumption gap’

October 9, 2025

Member of the Monetary Policy Committee Catherine L. Mann gave a speech titled “Explaining the consumption gap” at the Resolution Foundation.

• Speech

 

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; purportedly terminated August 25, 2025)
• 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)

• 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 – Caroline D. Pham (Acting Chairman effective January 20, 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