PH FedACTion: Financial Regulatory Updates
Daily Financial Regulation Update -- Wednesday, February 11, 2026
February 11, 2026
Edited by Lawrence D. Kaplan, Jason Shafer and Kris Knabe
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Congress
U.S. Senate
Committee on Banking, Housing and Urban Affairs
Minority Staff Releases Report on ‘Price of Gutting the CFPB’
February 10, 2026
The Senate Committee on Banking, Housing and Urban Affairs Minority Staff released a new report analyzing the cost to American consumers of reorganizing the Consumer Financial Protection Bureau.
U.S. House of Representatives
Committee on Financial Services
Committee Seeks Answers on Living Conditions and Management at 32 Public Housing Agencies
February 10, 2026
House Committee on Financial Services Chairman French Hill (R-AR), Subcommittee on Oversight and Investigations Chairman Dan Meuser (R-PA) and Subcommittee on Housing and Insurance Chairman Mike Flood (R-NE) sent letters to 32 public housing agencies that the Department of Housing and Urban Development identified as “troubled.”
Hearing: ‘Priced Out of the American Dream: Understanding the Policies Behind Rising Costs of Housing and Borrowing’
February 10, 2026
The U.S. House Committee on Financial Services held a hearing titled “Priced Out of the American Dream: Understanding the Policies Behind Rising Costs of Housing and Borrowing.”
Hearing: ‘Building a Solid Foundation: Restoring Trust and Transparency in Public Housing Agencies’
February 10, 2026
The U.S. House Committee on Financial Services Subcommittee on Oversight and Investigations held a hearing titled “Building a Solid Foundation: Restoring Trust and Transparency in Public Housing Agencies.”
Bipartisan Housing for the 21st Century Act Passes House
February 9, 2026
The Housing for the 21st Century Act, led by House Committee on Financial Services Chairman French Hill (R-AR), Ranking Member Maxine Waters (D-CA), Subcommittee on Housing and Insurance Chair Mike Flood (R-NE) and Subcommittee on Housing and Insurance Ranking Member Emanuel Cleaver (D-MO) passed the full U.S. House of Representatives by a bipartisan vote of 390-9.
Federal Agencies
U.S. Department of the Treasury
US-UK Taskforce Hosts Industry Engagement Day in London
February 10, 2026
HM Treasury hosted representatives from U.S. Treasury and regulatory agencies in London on Jan. 26 to conduct joint senior-level industry engagement for the Transatlantic Taskforce for Markets of the Future established last September.
OFR Working Paper: ‘Short-Circuiting Short-Term Funding’
February 10, 2026
The Office of Financial Research published a working paper titled “Short-Circuiting Short-Term Funding.”
Federal Reserve Bank of New York
Household Debt Balances Grow Modestly; Early Delinquencies Level Out for Non-Housing Debts
February 10, 2026
The Federal Reserve Bank of New York’s Center for Microeconomic Data issued its Quarterly Report on Household Debt and Credit. The New York Fed also issued an accompanying Liberty Street Economics blog post examining the interaction between recent mortgage delinquency rates and geographic variation in economic conditions.
National Credit Union Administration
NCUA Announces Fifth Round of Deregulation Proposals
February 10, 2026
The National Credit Union Administration announced the fifth round of proposed regulatory changes associated with NCUA’s Deregulation Project.
International
Bank of England
Asset Purchase Facility Quarterly Report — Q4 2025
February 10, 2026
The Bank of England released the Asset Purchase Facility Quarterly Report for Q4 2025.
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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