left-caret
Insights

ph fedaction financial regulatory updates homepage

Daily Financial Regulation Update -- Tuesday, August 31, 2021

August 31, 2021

By FedACTion Task Force

Subscribe to PH FedACTion: Financial Regulatory Updates

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

Federal Deposit Insurance Corporation

FDITECH Opens Registration for Tech Sprint to Measure and Test Bank Resilience

August 30, 2021

The Federal Deposit Insurance Corporation opened the registration period to participate in a tech sprint designed to identify and develop measures, data and other capabilities to understand how resilient banks are to major disruptions. The tech sprint is intended to be the first of several focused on how to foster stronger resiliency in banking.

Consumer Financial Protection Bureau

New Mortgage Servicing Rule Aims to Prevent Avoidable Foreclosures As Protections Expire

August 30, 2021

The Consumer Financial Protection Bureau posted a blog titled, "New Mortgage Servicing Rules Aims to Prevent Avoidable Foreclosures as Protections Expire."

FINRA

Blog: SPAC Warrants: 5 Tips to Avoid Missed Opportunities

August 30, 2021

The Financial Industry Regulatory Authority posted an Investor Insight blog titled, "SPAC Warrants: 5 Tips to Avoid Missed Opportunities," providing information on warrant redemptions for those interested in investing in special purpose acquisition companies.

Federal Housing Finance Agency

FHFA Announces Two Staffing Updates

August 30, 2021

The Federal Housing Finance Agency named Laura Thrift as Director of the Office of Congressional Affairs and Communications and Alexei Alexandrov as Chief Economist.

Ginnie Mae

The Ginnie Mae Global Market Analysis August Report

August 30, 2021

The Ginnie Mae Office of Capital Markets published its monthly Global Market Analysis Report. This comprehensive report is designed to keep Ginnie Mae investors and partners abreast of new data and developments affecting the Ginnie Mae market and the mortgage-backed securities market more broadly.

Administration Changes

Appointments/Confirmation Hearings

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

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

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