PH FedACTion: Financial Regulatory Updates
Daily Financial Regulation Update -- Monday, February 9, 2026
February 09, 2026
Edited by Lawrence D. Kaplan, Jason Shafer and Kris Knabe
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Federal Agencies
U.S. Department of the Treasury
Treasury Issues Request for Information on CFIUS Known Investor Program
February 6, 2026
The U.S. Department of the Treasury, as chair of the Committee on Foreign Investment in the United States (CFIUS), issued a request for information seeking public input on the Known Investor Program and how CFIUS may streamline aspects of its foreign investment review process, while maintaining its rigorous analysis that identifies and addresses national security risk that can accompany foreign investment.
Financial Literacy and Education Commission 2026 Public Meeting
February 6, 2026
The U.S. Department of the Treasury convened a public meeting of the Financial Literacy and Education Commission focused on implementation and outreach for Trump Accounts.
Federal Reserve Board
Fed Releases G.19 Consumer Credit Data for December 2025
February 6, 2026
The Federal Reserve Board released the G.19 Consumer Credit data for December 2025.
Speech: ‘Economic Outlook and Supply-Side (Dis)Inflation Dynamics’
February 6, 2026
Federal Reserve Board Vice Chair Philip N. Jefferson gave a speech titled “Economic Outlook and Supply-Side (Dis)Inflation Dynamics” at the Brookings Institution.
Federal Deposit Insurance Corporation
FDIC Extends Comment Period on GENIUS Act Stablecoin Rulemaking
February 6, 2026
The Federal Deposit Insurance Corporation announced a 90-day extension to the comment period on the agency’s notice of proposed rulemaking that would implement the application provisions under the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act). The GENIUS Act applies to FDIC-supervised state nonmember banks and state savings associations seeking to issue payment stablecoins through a subsidiary.
Securities and Exchange Commission
SEC Director Delivers Remarks at 2026 Joint Compliance Outreach Program for Municipal Market Participants
February 6, 2026
SEC Director Dave A. Sanchez gave remarks at the 2026 Joint Compliance Outreach Program for Municipal Market Participants.
SEC Issues Investor Alert on Social Media and Stock Tip Scams
February 6, 2026
The SEC’s Office of Investor Education and Assistance and Division of Enforcement issued a warning to investors that scams involving stock recommendations may be conducted through social media.
Commodity Futures Trading Commission
CFTC Staff Reissues Letter 25-40 Updating Payment Stablecoin Definition
February 6, 2026
The Commodity Futures Trading Commission’s Market Participants Division announced it has reissued CFTC Staff Letter 25-40 with a limited revision to the definition of “payment stablecoin.” The revision specifies that a national trust bank may be a permitted issuer of a payment stablecoin for purposes of the no-action position.
FINRA
FINRA Releases Regulatory Notice on Negative Consent for Bulk Account Transfers
February 6, 2026
FINRA issued a regulatory notice titled “Reducing Burdens and Providing Guidance on the Use of Negative Consent for the Bulk Transfer or Assignment of Customers’ Accounts.”
National Credit Union Administration
NCUA Board Extends Loan Interest Rate Ceiling
February 6, 2026
The National Credit Union Administration’s board approved the continuation of a temporary 18% interest rate ceiling for loans made by federal credit unions. The board action extends the temporary interest rate ceiling to Sept. 10, 2027.
International
Bank of England
Market Participants Survey Results — February 2026
February 6, 2026
The Bank of England released the Market Participants Survey results for February 2026.
Bank of England Updates Country Groupings for International Banking Statistics
February 6, 2026
The Bank of England provided an update on implementing changes for country grouping conventions used in statistics covering the international business of monetary financial institutions operating in the U.K. and the consolidated claims of U.K.-headquartered monetary financial institutions.
Financial Conduct Authority
FCA Updates Trade Associations on Future Entity Open Banking
February 6, 2026
The Financial Conduct Authority (FCA) published a letter to trade associations to provide an update in the development of a Future Entity for open banking.
Consultation Paper: ‘Aligning listed issuers’ sustainability disclosures with international standards’
February 6, 2026
The FCA published a consultation paper titled “Aligning listed issuers’ sustainability disclosures with international standards.”
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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