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Daily Financial Regulation Update -- Saturday, September 18, 2021

September 18, 2021

By FedACTion Task Force

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PH Client Alerts

Click here to read more from our Coronavirus series.

Congress

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 the Consolidated 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.

Federal Agencies

Consumer Financial Protection Bureau

Report: Renters at Risk as COVID-19 Safety Net Ends

September 17, 2021

The Consumer Financial Protection Bureau (CFPB) released a report titled, "Financial Conditions for Renters Before and During the COVID-19 Pandemic." The report finds that some government relief efforts likely helped maintain the financial stability of renters and their families, suggesting that many may be at risk as those programs expire.

International

Bank of England

Paper: Foreign Vulnerabilities, Domestic Risks: The Global Drivers of GDP-At-Risk

September 17, 2021

The Bank of England published a staff working paper titled, "Foreign Vulnerabilities, Domestic Risks: The Global Drivers of GDP-At-Risk," studying how foreign financial developments influence the conditional distribution of domestic GDP growth.

UK Financial Conduct Authority

Speech: FCA's Proposals for a New Listing Regime

September 17, 2021

Director of Market Oversight of the Financial Conduct Authority (FCA) Clare Cole gave a speech titled, "FCA's Proposals for a New Listing Regime."

Administration Changes

Appointments/Confirmation Hearings

U.S. Department of the Treasury - Janet Yellen (effective January 26, 2021)

Consumer Financial Protection Bureau - Rohit Chopra (Nominee)

Securities and Exchange Commission - Gary Gensler (effective April 17, 2021)

Small Business Administration - Isabella Casillas Guzman (effective March 16, 2021)

Commodity Futures Trade Commission

Financial Crimes Enforcement Network

National Credit Union Administration - Todd M. Harper

U.S. Department of Housing and Urban Development - Marcia Fudge (effective March 10, 2021)

Federal Housing Finance Agency

U.S. Department of Education - Dr. Miguel Cardona (effective March 2, 2021)