PH FedACTion: Financial Regulatory Updates
Daily Financial Regulation Update -- Thursday, November 6, 2025
November 06, 2025
Edited by Lawrence D. Kaplan, Jason Shafer and Kris Knabe
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Major Developments
Federal Reserve Board
Federal Reserve Board Finalizes Changes to Supervisory Rating Framework for Large Bank Holding Companies
November 5, 2025
The Federal Reserve Board finalized changes to its supervisory rating framework for large bank holding companies. The finalized framework is substantially similar to the proposal issued in July.
Federal Agencies
U.S. Department of the Treasury
Treasury Borrowing Advisory Committee Issues Report
November 5, 2025
The Treasury Borrowing Advisory Committee issued a report to Secretary of the Treasury Scott Bessent following its meeting on Nov. 4.
Deputy Assistant Secretary for Federal Finance Issues Quarterly Refunding Statement
November 5, 2025
The U.S. Department of the Treasury is offering $125 billion of Treasury securities to refund approximately $98.2 billion of privately held Treasury notes maturing on Nov. 15.
Federal Reserve Bank of New York
Household Debt Balances Grow Steadily; Mortgage Originations Tick Up in Q3
November 5, 2025
The Federal Reserve Bank of New York’s Center for Microeconomic Data issued its quarterly report on household debt and credit.
Federal Reserve Bank of Boston
Article: ‘Shifting ground: Dozens of college closures across New England jolt region famed for higher ed’
November 5, 2025
The Federal Reserve Bank of Boston published an article titled “Shifting ground: Dozens of college closures across New England jolt region famed for higher ed.”
Consumer Financial Protection Bureau
OIG Report: ‘The CFPB Can Enhance Its Processes for Storing and Disposing of Its IT Asset Inventory’
November 4, 2025
The Office of Inspector General of the Consumer Financial Protection Bureau issued a report titled “The CFPB Can Enhance Its Processes for Storing and Disposing of Its IT Asset Inventory.”
National Credit Union Administration
NCUA Chairman Gives Statements at Budget Hearing
November 5, 2025
National Credit Union Administration Chair Kyle S. Hauptman gave statements at the November 2025 budget hearing.
Freddie Mac
Freddie Mac Posts 2026 Debt Funding Calendar
November 5, 2025
Freddie Mac posted its 2026 funding calendar, which provides optional announcement dates for Reference Notes® securities and announcement dates for Reference Bills® securities.
International
European Banking Authority
EBA Publishes Final Guidelines on Environmental Scenario Analysis
November 5, 2025
The European Banking Authority (EBA) published its final guidelines on environmental scenario analysis, which complement the EBA guidelines on the management of environmental, social and governance risks by specifying supervisory expectations regarding how institutions should conduct environmental scenario analysis.
Bank of England
UK International Reserves Data — October 2025
November 5, 2025
The Bank of England released the UK International Reserves Data for October 2025.
Speech: ‘Lighting the fuse for innovation in insurance’
November 5, 2025
Bank of England Director of Insurance Supervision Shoib Khan gave a speech titled “Lighting the fuse for innovation in insurance” at the Insurance Innovators Summit.
Financial Conduct Authority
FCA Releases Statement on Progress and Timing of Motor Finance Compensation Scheme Consultation
November 5, 2025
The Financial Conduct Authority released a statement on the motor finance compensation scheme consultation progress and timing.
Consultation Paper: ‘Streamlining the UK EMIR Intragroup Regime’
November 5, 2025
The Financial Conduct Authority published a consultation paper titled “Streamlining the UK EMIR Intragroup Regime.”
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)
- 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 – Caroline D. Pham (Acting Chairman effective January 20, 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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