PH FedACTion: Financial Regulatory Updates
Daily Financial Regulation Update -- Tuesday, September 22, 2026
September 22, 2026
Edited by Lawrence D. Kaplan, Jason Shafer and Kris Knabe
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Federal Agencies
Federal Reserve Board
Working Paper: ‘Beyond Financial Conditions: Measuring Structural Vulnerabilities in the US Financial System’
September 21, 2026
The Federal Reserve Board published a working paper titled “Beyond Financial Conditions: Measuring Structural Vulnerabilities in the U.S. Financial System.”
Federal Reserve Bank of New York
SCE Household Spending Survey – August
September 21, 2026
The Federal Reserve Bank of New York released the SCE Household Spending Survey for August.
Report: ‘When Higher Stakes Weaken Security’
September 21, 2026
The Federal Reserve Bank of New York released a staff report titled “When Higher Stakes Weaken Security.”
Transcript of Ellen Correia Golay on the ‘Macro Musings’ Podcast
September 21, 2026
The Federal Reserve Bank of New York released a transcript of Capital Markets Trading Advisor Ellen Correia Golay’s appearance on the “Macro Musings” podcast.
Federal Deposit Insurance Corporation
Release: ‘National Rates and Rate Caps — September 2026’
September 21, 2026
The Federal Deposit Insurance Corporation released the September rates and rate caps.
Office of the Comptroller of the Currency
OCC Updates Cybersecurity Supervision Work Program
September 21, 2026
The Office of the Comptroller of the Currency recently updated the structure and references of the OCC Cybersecurity Supervision Work Program used by examiners.
Commodity Futures Trading Commission
CFTC Innovation Task Force to Host Frontier Forum Series on Innovative Financial Technologies
September 21, 2026
The Commodity Futures Trading Commission’s Innovation Task Force announced it will host the Frontier Forum Series, a series of public roundtables on the technologies that are transforming U.S. financial markets.
International
UK Financial Conduct Authority
FCA and Partners Join Forces to Expand Protection Insurance Coverage
September 21, 2026
The Financial Conduct Authority is partnering across sectors to expand protection insurance coverage for millions of unprotected people.
Administration Changes
Appointments/Confirmation Hearings
U.S. Department of the Treasury – Scott Bessent (effective January 27, 2025)
Federal Reserve Board – Kevin Warsh (effective May 22, 2026)
- 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)
- Governor Jerome H. Powell (sworn in June 16, 2014)
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 (effective January 13, 2026)
- Vice Chairman Vacant
- Director Vacant
- Director Jonathan Gould (Comptroller of the Currency)
- Acting Director Mark Paoletta (Acting 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 (effective December 22, 2025)
Consumer Financial Protection Bureau – Mark Paoletta (Acting Director effective August 1, 2026); Nominee Brian Johnson (nominated June 10, 2026 – nomination hearing July 24, 2026)
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
Practice Areas
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