Daily Financial Regulation Update -- Friday, October 3, 2025

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Federal Agencies

Federal Reserve Bank of New York

Blog: ‘Do Employers Comply with Pay Transparency Requirements in Job Postings?’

October 2, 2025

The Federal Reserve Bank of New York published a Liberty Street Economics blog post titled “Do Employers Comply with Pay Transparency Requirements in Job Postings?”

• Blog

 

Federal Deposit Insurance Corporation

FDIC Releases Q2 2025 State Profiles

October 2, 2025

The Federal Deposit Insurance Corporation has released the Q2 2025 State Profiles.

• State Profiles

 

International

European Commission

Commission Proposes Targeted Changes to Revised Economic Governance Framework

October 2, 2025

The European Commission has adopted proposals for targeted changes to some of the EU economic governance rules to reduce administrative burden and ensure consistency across the revised framework. 

• Proposals
• Press Release

 

Bank of England

Bank Overground: ‘Unlocking growth: what can the literature tell us about what’s holding back high-growth firms?’

October 2, 2025

The Bank of England published a Bank Overground article titled “Unlocking growth: what can the literature tell us about what’s holding back high-growth firms?”

• Article

 

Monthly Decision Maker Panel Data — September 2025

October 2, 2025

The Bank of England released the Decision Maker Panel survey data for September 2025.

• Survey

 

Financial Conduct Authority

Research Note: ‘Quantum computing applications in financial services’

October 2, 2025

The Financial Conduct Authority published a research note titled “Research Note: Quantum computing applications in financial services.”

• Research Note

 

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