Daily Financial Regulation Update -- Wednesday, March 25, 2026

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Federal Agencies

Federal Reserve Board

Speech: ‘Developing Communities through Public-private Partnerships’

March 24, 2026

Federal Reserve Board Gov. Michael S. Barr gave a speech titled “Developing Communities through Public-private Partnerships” at the 2026 National Community Investment Conference.

• Speech

 

OIG Report: ​‘The Board Should Enhance Its Ability to Monitor the Efficiency and Timeliness of Its Processing of Certain Banking Applications’

March 24, 2026

The Office of Inspector General of the Federal Reserve Board released a report titled “​The Board Should Enhance Its Ability to Monitor the Efficiency and Timeliness of Its Processing of Certain Banking Applications.”

• Report
• Summary

 

Securities and Exchange Commission

SEC Chair Delivers Opening Remarks at Digital Asset Summit 2026

March 24, 2026

Securities and Exchange Commission Chair Paul S. Atkins gave opening remarks at the Digital Asset Summit 2026.

• Remarks

 

Commodity Futures Trading Commission

CFTC Staff Amends Brexit-Related No-Action Positions for Additional UK Trading Facilities

March 24, 2026

The Commodity Futures Trading Commission’s (CFTC’s) Division of Market Oversight announced it is amending no-action positions in connection with the withdrawal of the United Kingdom from the European Union, known as Brexit.

• Staff Letter
• Press Release

 

CFTC Announces Formation of New Innovation Task Force

March 24, 2026

The CFTC launched the Innovation Task Force, which is dedicated to advancing clear rules of the road for American innovators building novel products and technologies within U.S. derivatives markets. 

• Press Release

 

National Credit Union Administration

NCUA Announces Eighth Round of Deregulation Proposals

March 24, 2026

The National Credit Union Administration announced the eighth round of proposed regulatory changes associated with NCUA’s Deregulation Project. The NCUA is requesting comments on a proposal that would eliminate unduly burdensome requirements in the Code of Federal Regulations related to third-party servicing of indirect vehicle loans.

• Proposed Rule
• Press Release

 

International

European Banking Authority

EBA Publishes Second MREL Impact Assessment Report

March 24, 2026

The European Banking Authority published its second Impact Assessment Report on the minimum requirement for own funds and eligible liabilities (MREL), assessing the effects of the framework on EU institutions, markets and funding structures.

• Report
• Press Release

 

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