Daily Financial Regulation Update -- Thursday, March 12, 2026

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Federal Agencies

Federal Deposit Insurance Corporation

Remarks: ‘An Update on Reforms to the Regulatory Toolkit’

March 11, 2026

Federal Deposit Insurance Corporation Chair Travis Hill gave remarks titled “An Update on Reforms to the Regulatory Toolkit” at the American Bankers Association Washington Summit.

• Remarks

 

Securities and Exchange Commission
Commodity Futures Trading Commission

SEC and CFTC Announce Historic Memorandum of Understanding Between Agencies

March 11, 2026

The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) announced that they have entered into a memorandum of understanding to guide coordination and collaboration between the two agencies to support lawful innovation, uphold market integrity, and ensure investor and customer protection.

• Memorandum of Understanding
• Fact Sheet
• Press Release

 

Securities and Exchange Commission

Speech: ‘Fostering Regulatory Harmony Between the SEC and CFTC’

March 10, 2026

SEC Chair Paul S. Atkins gave a speech titled “Fostering Regulatory Harmony Between the SEC and CFTC” at the FIA Global Cleared Markets Conference.

• Speech

 

SEC Commissioner Delivers Remarks at the Institute of International Bankers 2026 Annual Washington Conference

March 10, 2026

SEC Commissioner Mark T. Uyeda gave remarks at the Institute of International Bankers 2026 Annual Washington Conference.

• Remarks

 

Consumer Financial Protection Bureau

OIG Report: ‘Fiscal Years 2023–2024 Risk Assessment of the CFPB's Government Travel Card Program’

March 11, 2026

The Office of Inspector General of the Consumer Financial Protection Bureau released a report titled “Fiscal Years 2023–2024 Risk Assessment of the CFPB’s Government Travel Card Program.”

• Report
• Summary

 

Bank Policy Institute

Blog: ‘Post-Crisis Government Litigation Led to a Decline in Low-Income Mortgage Lending’

March 11, 2026

The Bank Policy Institute published a blog post titled “Post-Crisis Government Litigation Led to a Decline in Low-Income Mortgage Lending.”

• Blog

 

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