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PH FedACTion: Financial Regulatory Updates

Daily Financial Regulation Update -- Wednesday, November 9, 2022

November 09, 2022

By FedACTion Task Force

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Federal Agencies

Federal Housing Finance Agency

Blog: What Do the UAD Aggregate Statistics Reveal About Rising Home Appraisals During the Pandemic?

November 8, 2022

The Federal Housing Finance Agency published a blog post entitled, "What Do the UAD Aggregate Statistics Reveal About Rising Home Appraisals During the Pandemic?"

International

Bank of England

Minutes of the Meeting of the Court of Directors held on 16 September 2022

November 8, 2022

The Bank of England released the minutes of the meeting of the Court of Directors held on September 16, 2022.

UK Financial Conduct Authority

Technical Note: Switching in the Mortgage Market – An Update

November 8, 2022

The UK Financial Conduct Authority published a technical note entitled, "Switching in the Mortgage Market – An Update."

FCA Board Minutes – September 29 and October 4

November 8, 2022

The UK Financial Conduct Authority released the minutes of the FCA Board meetings held on September 29, 2022, and October 4, 2022.

Administration Changes

Vacancies

Federal Deposit Insurance Corporation

  • Chair – Vacant (Martin Gruenberg serves as Acting Chair)
  • Vice Chairman – Travis Hill (nominated September 20, 2022)
  • Member – Jonathan McKernan (nominated September 20, 2022)

Office of the Comptroller of the Currency

  • Comptroller – Vacant (Michael Hsu serves as Acting Comptroller)

Appointments/Confirmation Hearings

U.S. Department of the Treasury – Janet Yellen (effective January 26, 2021)

Federal Reserve Board – Jerome H. Powell (effective May 23, 2022)

Federal Reserve Bank of New York – John C. Williams (effective June 18, 2018)

Federal Deposit Insurance Corporation – Martin Gruenberg (Acting Chair, appointed February 5, 2022)

Consumer Financial Protection Bureau – Rohit Chopra (effective October 12, 2021)

Securities and Exchange Commission – Gary Gensler (effective April 17, 2021)

Small Business Administration – Isabella Casillas Guzman (effective March 16, 2021)

Commodity Futures Trade Commission – Rostin Behnam (effective December 17, 2021)

Financial Crimes Enforcement Network

National Credit Union Administration – Todd M. Harper

U.S. Department of Housing and Urban Development – Marcia Fudge (effective March 10, 2021)

Federal Housing Finance Agency – Sandra L. Thompson, (confirmed May 25, 2022)

U.S. Department of Education – Dr. Miguel Cardona (effective March 2, 2021)

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 the Consolidated 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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