PH FedACTion: Financial Regulatory Updates
Daily Financial Regulation Update -- Monday, September 14, 2026
September 14, 2026
Edited by Lawrence D. Kaplan, Jason Shafer and Kris Knabe
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Major Developments
Federal Reserve Board
Federal Deposit Insurance Corporation
National Credit Union Administration
Office of the Comptroller of the Currency
Agencies Seek Comment on Proposed Third-Party Risk Management Guidance and Issue Statement on Community Bank Engagement With Core Service Providers
September 11, 2026
The Federal Deposit Insurance Corporation, the Federal Reserve Board, the National Credit Union Administration and the Office of the Comptroller of the Currency requested comment on proposed guidance to assist financial institutions with managing risks associated with third-party relationships.
- Proposed Third-Party Risk Management Guidance
- Proposed Guide for Traditional Community Banking Organizations
- Press Release
- Joint Statement
- Board Memo
- Fed Governor Barr Statement
- Fed Governor Cook Statement
- FDIC Financial Institution Letter
- OCC Bulletin – Joint Statement
- OCC Bulletin – Proposed Guidance
Federal Agencies
US Department of the Treasury
Treasury Welcomes the Release of the Revised GloBE Information Return
September 11, 2026
The Department of the Treasury welcomed the release of the revised GloBE Information Return (GIR).
Federal Reserve Board
Federal Deposit Insurance Corporation
Commodity Futures Trading Commission
Securities and Exchange Commission
Bank of England
Joint Readout of Principals’ Meeting of UK and US Authorities Regarding Central Counterparty Resolution
September 11, 2026
Senior officials from the Bank of England, Federal Deposit Insurance Corporation, Commodity Futures Trading Commission, Securities and Exchange Commission and Federal Reserve Board convened for a tabletop exercise on Sept. 3 to discuss certain issues relating to the hypothetical resolution of central counterparties.
Federal Reserve Board
Z.1 Financial Accounts of the United States — Q2 Data
September 11, 2026
The Federal Reserve Board released the Z.1 Financial Accounts of the United States data for the second quarter.
Commodity Futures Trading Commission
CFTC Approves Final Rule Concerning Whistleblower Awards
September 11, 2026
The Commodity Futures Trading Commission approved a final rule that incorporates a 30% presumption for whistleblower awards of $5 million or less, subject to commission discretion and its analysis of relevant regulatory factors.
Bank Policy Institute
Blog: ‘How Well Do Central Bank Financial Stability Reports Predict Risk? A Follow-Up AI Analysis’
September 10, 2026
The Bank Policy Institute published a blog post titled “How Well Do Central Bank Financial Stability Reports Predict Risk? A Follow-Up AI Analysis.”
International
Bank of England
Bank of England and Savanta Release Inflation Attitudes Survey for August
September 11, 2026
The Bank of England released the quarterly Inflation Attitudes survey for August 2026, conducted by Savanta on the bank’s behalf.
Report: ‘Agents' Summary of Business Conditions — September 2026’
September 11, 2026
The Bank of England released the agents’ summary of business conditions for September 2026.
UK Financial Conduct Authority
Paper: ‘Consultation on Minor General Insurance Value Measures Changes and Post-Implementation Review of the Value Measures Rules’
September 11, 2026
The Financial Conduct Authority released a consultation paper titled “Consultation on minor General Insurance value measures changes and post-implementation review of the value measures rules.”
Administration Changes
Appointments/Confirmation Hearings
U.S. Department of the Treasury – Scott Bessent (effective January 27, 2025)
Federal Reserve Board – Kevin Warsh (effective May 22, 2026)
- 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)
- Governor Jerome H. Powell (sworn in June 16, 2014)
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 (effective January 13, 2026)
- Vice Chairman Vacant
- Director Vacant
- Director Jonathan Gould (Comptroller of the Currency)
- Acting Director Mark Paoletta (Acting 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 (effective December 22, 2025)
Consumer Financial Protection Bureau – Mark Paoletta (Acting Director effective August 1, 2026); Nominee Brian Johnson (nominated June 10, 2026 – nomination hearing July 24, 2026)
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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