PH FedACTion: Financial Regulatory Updates
Daily Financial Regulation Update -- Tuesday, February 17, 2026
February 17, 2026
Edited by Lawrence D. Kaplan, Jason Shafer and Kris Knabe
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Federal Agencies
Federal Reserve Bank of New York
Speech: ‘Monetary Policy Implementation in an Ample Reserves Regime’
February 12, 2026
Federal Reserve Bank of New York Deputy Manager of the System Open Market Account Julie Remache gave a speech titled “Monetary Policy Implementation in an Ample Reserves Regime.” Remache delivered the remarks at the Fixed Income Analysts Society’s Women in Fixed Income Conference at the Federal Reserve Bank of New York.
Statement: ‘Coming Attractions From the Division of Corporation Finance’
February 13, 2026
Securities and Exchange Commission Division of Corporation Finance Director James Moloney issued a statement on upcoming rulemakings. The rulemakings include those focusing on crypto assets reform, implementing the Holding Foreign Insiders Accountable Act to require Section 16 reporting for Foreign Private Issuers as mandated by Congress, creating an option for semi-annual rather than quarterly reporting and reducing regulatory burdens from Regulation S-K, including executive compensation disclosures.
Financial Crimes Enforcement Network
FinCEN Issues Exceptive Relief to Streamline Customer Due Diligence Requirements
February 13, 2026
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an order granting exceptive relief to covered financial institutions from certain requirements under FinCEN’s Customer Due Diligence Requirements for Financial Institutions rule.
FinCEN Launches Webpage for Whistleblower Tips on Fraud, Money Laundering and Sanctions Violations
February 13, 2026
FinCEN launched a new dedicated webpage to confidentially accept whistleblower tips on fraud, money laundering and sanctions violations.
FinCEN Reminds Financial Institutions of Resources on Identifying Potential Relationship Investment Scams
February 13, 2026
FinCEN issued a reminder to financial institutions to remain vigilant to potential relationship investment scams. The reminder was issued in support of the annual multiagency #DatingorDefrauding campaign, led by the Commodity Futures Trading Commission’s Office of Customer Education and Outreach.
National Credit Union Administration
NCUA Expands Newly Chartered and Urgent Needs Grants
February 13, 2026
The National Credit Union Administration (NCUA)announced the expansion of its Community Development Revolving Loan Fund (CDRLF) to more low-income-designated credit unions seeking eligibility for Newly Chartered and Urgent Needs grants. The expansion doubles the maximum award amount.
NCUA’s Funds Receive Clean Audit Opinions
February 13, 2026
The NCUA’s four funds again earned unmodified, or “clean,” audit opinions for 2025, according to audited financial statements released by the agency’s Office of Inspector General.
Federal Housing Finance Agency
Foreclosure Prevention, Refinance and Federal Property Manager’s Report — November 2025
February 13, 2026
The Federal Housing Finance Agency released the November 2025 Foreclosure Prevention, Refinance and Federal Property Manger’s Report.
Bank Policy Institute
BPI Issues Statement Supporting SCAM Act
February 12, 2026
The Bank Policy Institute (BPI) issued a statement supporting the introduction in the U.S. House of Representatives of the Safeguarding Consumers from Advertising Misconduct Act (SCAM Act). Reps. Dan Meuser (R-PA) and Lou Correa (D-CA) introduced the bipartisan legislation aimed at tackling malvertising and bank impersonation scams.
International
European Banking Authority
EBA Publishes Final Guidelines on Proportionate Retail Diversification
February 13, 2026
The European Banking Authority published its final guidelines on proportionate retail diversification methods under the standardized approach for credit risk set out in the Capital Requirements Regulation.
Bank of England
Working Paper: ‘Productivity implications of the move to net zero’
February 13, 2026
The Bank of England published a staff working paper titled “Productivity implications of the move to net zero.”
Working Paper: ‘Persistent and transitory inflation in the euro area: insights from global and domestic shocks’
February 13, 2026
The Bank of England published a staff working paper titled “Persistent and transitory inflation in the euro area: insights from global and domestic shocks.”
Bank of England Releases Minutes of Market Participants Group Meeting
February 13, 2026
The Bank of England released the minutes of the Market Participants Group meeting held Feb. 12.
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
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