Federal Agencies
U.S. Department of the Treasury
Remarks by Assistant Secretary for Terrorist Financing and Financial Crimes Elizabeth Rosenberg at the Association of Certified Anti-Money Laundering Specialists Assembly Conference
October 2, 2023
U.S. Department of the Treasury Assistant Secretary for Terrorist Financing and Financial Crimes Elizabeth Rosenberg gave remarks at the Association of Certified Anti-Money Laundering Specialists Assembly Conference.
Federal Reserve Board
Speech: Monetary Policy and Financial Stability
October 2, 2023
Federal Reserve Board Vice Chair for Supervision Michael S. Barr gave a speech at the Forecasters Club of New York entitled, "Monetary Policy and Financial Stability."
Speech: Brief Remarks on the Economy and Bank Regulation
October 2, 2023
Federal Reserve Board Governor Michelle W. Bowman gave a speech at the CEO/Executive Management Conference sponsored by the Mississippi Bankers Association and the Tennessee Bankers Association entitled, "Brief Remarks on the Economy and Bank Regulation."
Paper: Global Flight to Safety, Business Cycles, and the Dollar
October 2, 2023
The Federal Reserve Board published a working paper entitled, "Global Flight to Safety, Business Cycles, and the Dollar."
Federal Reserve Board launches Instagram and Threads accounts
October 2, 2023
The Federal Reserve Board on Monday launched its Instagram and Threads accounts with the aim of increasing the accessibility and availability of Board news and educational content.
• Press Release
Federal Reserve Bank of New York
Blog: Options for Calculating Risk-Free Rates
October 2, 2023
The Federal Reserve Bank of New York published a Liberty Street Economics blog post entitled, "Options for Calculating Risk-Free Rates."
Federal Deposit Insurance Corporation
Proposed Revisions to the Consolidated Reports of Condition and Income (Call Reports) and the FFIEC 002 Report
October 2, 2023
The Federal Deposit Insurance Corporation issued proposed revisions to the Consolidated Reports of Condition and Income and the FFIEC 002 Report.
Commodity Futures Trading Commission
Keynote Address of Chairman Behnam at the Futures Industry Association Expo 2023
October 2, 2023
Commodity Futures Trading Commission Chair Rostin Behnam gave the keynote address at the Futures Industry Association Expo 2023 held in Chicago, Illinois.
FINRA
FINRA Provides Update on Sweep: Special Purpose Acquisition Companies (SPACs)
October 2, 2023
FINRA issued guidance providing an update on the sweep to review firms' offering of, and services provided to, Special Purpose Acquisition Companies (SPACs) and their affiliates.
U.S. Department of Housing and Urban Development/Federal Housing Administration
HUD Announces $13.5 Million Funding Opportunity to Expand Access to Affordable Homeownership
October 2, 2023
The U.S. Department of Housing and Urban Development announced the availability of $13.5 million through the Self-Help Homeownership Opportunity Program for eligible national and regional non-profit organizations and consortia with experience providing or facilitating self-help housing opportunities.
Ginnie Mae
Global Markets Analysis Report – September 2023
October 2, 2023
Ginnie Mae published the Global Markets Analysis Report for September 2023.
Bank Policy Institute
Blog: The Basel Proposal: What it Means for Mortgage Lending
September 30, 2023
The Bank Policy Institute published a blog post entitled, "The Basel Proposal: What it Means for Mortgage Lending."
International
Bank of England
Minutes of the London FXJSC Operations Sub-committee Meeting – 15 June 2023
October 2, 2023
The Bank of England released the minutes of the London Foreign Exchange Joint Standing Committee Operations Sub-committee meeting held June 15, 2023.
Minutes of the London FXJSC Legal Sub-committee – 21 June 2023
October 2, 2023
The Bank of England released the minutes of the London Foreign Exchange Joint Standing Committee Legal Sub-committee meeting held on June 21, 2023.
Minutes of the London FXJSC Main Committee Meeting – 28 June 2023
October 2, 2023
The Bank of England released the minutes of the London Foreign Exchange Joint Standing Committee Main Committee meeting held June 28, 2023.
Bank of England Prudential Regulation Authority
PRA Regulatory Digest - September 2023
October 2, 2023
The Prudential Regulation Authority published the PRA Regulatory Digest for September 2023.
UK Financial Conduct Authority
End of implementation period for debt packager referral fee ban
October 2, 2023
The Financial Conduct Authority issued a statement announcing the end of the implementation period for the debt packager referral fee ban.
Administration Changes
Vacancies
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)
- Vice Chair Phillip N Jefferson (sworn in September 13, 2023)
- Vice Chair for Supervision Michael Barr (sworn in July 19, 2022)
- Governor Michelle W. Bowman (sworn in November 26, 2018)
- Governor Christopher J. Waller (sworn in December 18, 2020)
- Governor Lisa D. Cook (sworn in September 13, 2022)
- Governor Adriana D. Kugler (sworn in September 13, 2023)
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 – Martin Gruenberg (effective January 5, 2023)
- Vice Chairman Travis Hill (sworn in January 5, 2023)
- Director Jonathan McKernan (sworn in January 5, 2023)
- Director Michael Hsu (Acting Comptroller of the Currency)
- Director Rohit Chopra (Director of Consumer Financial Protection Bureau)
Office of the Comptroller of the Currency – Michael Hsu (acting Comptroller, effective May 10, 2021)
Securities and Exchange Commission – Gary Gensler (effective April 17, 2021)
Commodity Futures Trading Commission – Rostin Behnam (effective December 17, 2021)
Consumer Financial Protection Bureau – Rohit Chopra (effective October 12, 2021)
National Credit Union Administration – Todd M. Harper (effective January 20, 2021)
Small Business Administration – Isabella Casillas Guzman (effective March 16, 2021)
U.S. Department of Housing and Urban Development – Marcia Fudge (effective March 10, 2021)
Federal Housing Finance Agency – Sandra L. Thompson (effective June 22, 2022)
U.S. Department of Education – Dr. Miguel Cardona (effective March 2, 2021)
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 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.
