PH FedACTion: Financial Regulatory Updates
Daily Financial Regulation Update -- Wednesday, September 2, 2026
September 02, 2026
By Lawrence D. Kaplan,Jason Shaferand Kris Knabe
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Federal Agencies
US Department of the Treasury
Preliminary Annual Report on US Portfolio Holdings of Foreign Securities at Year-End 2025
August 31, 2026
The Department of the Treasury released preliminary data from an annual survey of U.S. portfolio holdings of foreign securities at year-end 2025.
Federal Reserve Board
Working Paper: ‘Risks and Uncertainty in Monetary Policy’
September 1, 2026
The Federal Reserve Board published a working paper titled “Risks and Uncertainty in Monetary Policy.”
Speech: ‘Unlocking Opportunities for Workers and Entrepreneurs with a Criminal Record’
September 1, 2026
Federal Reserve Board Governor Michael S. Barr gave a speech titled “Unlocking Opportunities for Workers and Entrepreneurs with a Criminal Record” at the “Second-Chance Lending Forum, Developing Evidence-Based Policy on Creditworthiness and Criminal History” in Washington, D.C.
Federal Reserve Bank of New York
Article: ‘A Framework for Understanding the US Treasury Repo Market’
September 1, 2026
The Federal Reserve Bank of New York published a The Teller Window article titled “A Framework for Understanding the U.S. Treasury Repo Market.”
Blog: ‘Businesses Are Using AI to Transform Work, Not Cut Jobs’
September 1, 2026
The Federal Reserve Bank of New York published a Liberty Street Economics blog post titled “Businesses Are Using AI to Transform Work, Not Cut Jobs.”
Federal Reserve Bank of Boston
Working Paper: ‘Cross-Policy Risk Pricing’
September 1, 2026
The Federal Reserve Bank of Boston’s Research Department published a working paper titled “Cross-Policy Risk Pricing.”
Securities and Exchange Commission
SEC Proposes to Modernize Rules for Registered Transfer Agents
September 1, 2026
The Securities and Exchange Commission proposed to update the rules and forms that apply to registered transfer agents.
International
Bank of England
Money and Credit — July
September 1, 2026
The Bank of England released the Money and Credit statistics for July 2026, including effective interest rates.
UK Financial Conduct Authority
FCA Urges Young Adults to Check for Unclaimed Child Trust Funds
September 1, 2026
The Financial Conduct Authority is urging young adults and parents to check whether they have a forgotten Child Trust Fund — potentially worth thousands of pounds — waiting to be claimed.
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
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