PH FedACTion: Financial Regulatory Updates
Daily Financial Regulation Update -- Monday, July 7, 2025
July 07, 2025
Edited by Lawrence D. Kaplan, Jason Shafer and Kris Knabe
Subscribe to PH FedACTion: Financial Regulatory Updates
Subscribe to the PHFintech: Crypto Policy Tracker
Federal Agencies
Federal Deposit Insurance Corporation
FDIC Issues 2025 Consumer Compliance Supervisory Highlights
July 3, 2025
The Federal Deposit Insurance Corporation issued the 2025 edition of the Consumer Compliance Supervisory Highlights.
Bank Policy Institute
Blog: Post-Crisis Regulatory Reforms and the Decline of Securitization
July 3, 2025
The Bank Policy Institute published a blog post entitled “Post-Crisis Regulatory Reforms and the Decline of Securitization.”
International
European Banking Authority
ESAs Sign Memorandum of Understanding with AMLA for Effective Cooperation and Information Exchange
July 3, 2025
The European Supervisory Authorities (EBA, EIOPA and ESMA – collectively, the ESAs) announced that they have concluded a multilateral Memorandum of Understanding (MoU) with the European Union’s new Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) to ensure effective cooperation and information exchange between the four institutions.
Bank of England
Remarks: The Meaning of Reserve Currency
July 3, 2025
Bank of England Governor Andrew Bailey gave remarks entitled “The meaning of reserve currency.”
Monthly Decision Maker Panel Data — June 2025
July 3, 2025
The Bank of England released the Decision Maker Panel survey data for June 2025.
Bank Liabilities Survey — 2025 Q2
July 3, 2025
The Bank of England released the Bank Liabilities Survey for Q2 2025.
Credit Conditions Survey — 2025 Q2
July 3, 2025
The Bank of England released the Credit Conditions Survey for Q2 2025.
Bank of England Prudential Regulation Authority
Policy Statement: Updates to the UK Policy Framework for Capital Buffers
July 3, 2025
The Prudential Regulation Authority published a policy statement entitled “Updates to the UK policy framework for capital buffers.”
SoP – The PRA’s Approach to Identifying Global Systemically Important Institutions (G-SIIs) and Setting G-SII Buffers
July 3, 2025
The Prudential Regulation Authority published a Statement of Policy entitled “SoP – The PRA’s approach to identifying Global Systemically Important Institutions (G-SIIs) and setting G-SII buffers.”
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)
- Governor Adriana D. Kugler (sworn in September 13, 2023)
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 (nominated February 11, 2025); Rodney E. Hood (Acting Comptroller effective February 10, 2025)
Securities and Exchange Commission – Paul Atkins (effective April 9, 2025)
Commodity Futures Trading Commission – Brian Quintenz (nominated February 11, 2025); Caroline D. Pham (Acting Chairman effective January 20, 2025)
Consumer Financial Protection Bureau – Jonathan McKernan (nominated February 11, 2025); 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
Contributors
Practice Areas
For More Information