Daily Financial Regulation Update -- Monday, April 13, 2026

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Congress

U.S. House of Representatives

Committee on Small Business

Committee Updates April Hearing Schedule

April 10, 2026

The House Committee on Small Business announced its updated April hearing schedule.

Full Committee Hearing: “Lower Taxes, Stronger Main Street: The Benefits of the Working Families Tax Cuts”

• Date and Time: Wednesday, April 15 at 10:30 a.m. ET

Full Committee Hearing: “Independent Work, Real Opportunity: The Gig Economy and the Future of Entrepreneurship”

• Date and Time: Tuesday, April 21 at 10:00 a.m. ET

Innovation, Entrepreneurship and Workforce Development Subcommittee Hearing: “Main Street Meets Crypto: What Digital Assets Mean for Small Businesses”

• Date and Time: Postponed until further notice
• Press Release

 

Federal Agencies

Federal Deposit Insurance Corporation

FDIC Rescinds Supervisory Guidance on Multiple Re-Presentment NSF Fees

April 10, 2026

The FDIC rescinded Financial Institution Letter (FIL-32-2023) addressing the Supervisory Approach Regarding Supervisory Guidance on Multiple Re-Presentment NSF Fees effective immediately. 

• Financial Institution Letter

 

Securities and Exchange Commission

SEC Chair Issues Statement on No-Action Letter to Bank of England

April 10, 2026

Securities and Exchange Commission Chair Paul S. Atkins issued a statement following a Division of Corporation Finance no-action letter to the Bank of England. The letter addressed application of the registration requirements of the Securities Act of 1933 if the bank exercises its statutory bail-in powers with respect to a U.K. bank or a U.K.-regulated investment firm that is failing or likely to fail.

• Statement
• No-Action Letter

 

International

European Banking Authority

EBA Publishes Decision Harmonizing Reporting of SEPA Data by National Authorities

April 10, 2026

The European Banking Authority (EBA) published a decision harmonizing how national competent authorities report under the Single Euro Payments Area (SEPA) Regulation.

• Decision
• Press Release

 

EBA Announces Measures to Simplify EU Supervisory Reporting

April 10, 2026

The EBA announced a consultation on measures to significantly simplify EU supervisory reporting to deliver a simpler, smarter and more proportionate framework.

• Press Release

 

Bank of England

Working Paper: ‘Real domestic effects of banks’ cross-border lending’

April 10, 2026

The Bank of England staff published a working paper titled “Real domestic effects of banks’ cross-border lending.”

• Paper

 

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