PH FedACTion: Financial Regulatory Updates
Daily Financial Regulation Update -- Tuesday, November 25, 2025
November 25, 2025
Edited by Lawrence D. Kaplan, Jason Shafer and Kris Knabe
Subscribe to PH FedACTion: Financial Regulatory Updates
Subscribe to the PHFintech: Crypto Policy Tracker
Major Developments
Consumer Financial Protection Bureau
CFPB’s Supervision Division Releases New ‘Humility Pledge’
November 21, 2025
The Consumer Financial Protection Bureau’s Supervision Division announced changes to how it conducts exams.
Federal Agencies
Federal Reserve Bank of New York
Blog: ‘How Businesses Set Prices — In Their Own Words’
November 24, 2025
The Federal Reserve Bank of New York published a Liberty Street Economics blog post titled “How Businesses Set Prices — In Their Own Words.”
Federal Deposit Insurance Corporation
FDIC Releases Q3 2025 Quarterly Banking Profile
November 24, 2025
The Federal Deposit Insurance Corporation released the results of its Quarterly Banking Profile for Q3 2025, during which insured depository institutions reported a return on assets (ROA) ratio of 1.27% and aggregate net income of $79.3 billion, an increase of $9.4 billion (13.5%) from the prior quarter. Strong net interest income growth and a reduction in provision expense, primarily related to last quarter’s large bank acquisition, drove the quarterly increase in earnings.
Office of the Comptroller of the Currency
OCC Announces Additional Actions to Support Community Banks and Reduce Regulatory Burden
November 24, 2025
The Office of the Comptroller of the Currency announced supervisory and regulatory actions to reduce burdens for community banks and strengthen their service as drivers of economic growth.
- Community Bank Minimum Bank Secrecy Act/Anti-Money Laundering Examination Procedures Buletin
- Discontinuation of Annual Money Laundering Risk System Data Collection Bulletin
- Request for Information
- Press Release
Federal Housing Finance Agency
US Federal Housing Announces 2026 Multifamily Loan Purchase Caps for Fannie Mae and Freddie Mac
November 24, 2025
U.S. Federal Housing announced that the 2026 multifamily loan purchase caps for Fannie Mae and Freddie Mac will be $88 billion for each enterprise, for a combined total of $176 billion to support the multifamily market.
International
Bank of England Prudential Regulation Authority
PRA Holds AI and Machine Learning Model Risk Management Roundtable
November 24, 2025
The Prudential Regulation Authority held roundtable meetings on artificial intelligence and machine learning (AI and ML) in the context of Supervisory Statement (SS)1/23, “Model risk management principles for banks.”
Financial Conduct Authority
FCA Releases 2024 Credit Rating Agency UK Market Share Report
November 24, 2025
The Financial Conduct Authority released the Credit Rating Agency UK Market Share Report for 2024.
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)
- 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
Contributors
Practice Areas
For More Information