PH FedACTion: Financial Regulatory Updates
Daily Financial Regulation Update -- Monday, April 14, 2025
April 14, 2025
Edited by Lawrence D. Kaplan, Jason Shafer and Kris Knabe
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Federal Agencies
Federal Reserve Bank of New York
Staff Report: The Risk Sensitivity of Global Liquidity Flows: Heterogeneity, Evolution and Drivers
April 11, 2025
The Federal Reserve Bank of New York published a staff report entitled, “The Risk Sensitivity of Global Liquidity Flows: Heterogeneity, Evolution, and Drivers.”
Speech: Uncertain Times
April 11, 2025
Federal Reserve Bank of New York President and CEO John C. Williams gave remarks at the Puerto Rico Chamber of Commerce in San Juan, Puerto Rico.
Blog: Recent Shifts Seen in Consumers’ Public Policy Expectations
April 11, 2025
The Federal Reserve Bank of New York published a Liberty Street Economics blog post entitled, “Recent Shifts Seen in Consumers’ Public Policy Expectations.”
Securities and Exchange Commission
Remarks at the Crypto Task Force Roundtable on Crypto Training
April 11, 2025
The Securities and Exchange Commission Crypto Task Force held a roundtable on crypto trading. Commissioners Mark T. Uyeda and Caroline Crenshaw gave remarks.
Consumer Financial Protection Bureau
CFPB Offers Regulatory Relief From Registration Requirements for Small Loan Providers
April 11, 2025
The Consumer Financial Protection Bureau announced that it will not prioritize enforcement or supervision actions with regard to entities that do not satisfy upcoming deadlines of April 14, 2025 and July 14, 2025.
International
Financial Conduct Authority
The FCA shines light on trading apps and consumer behaviour
April 11, 2025
The Financial Conduct Authority published a multi-firm review entitled, “Trading apps: high-level observations.”
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 Bowman (nominated March 17, 2025)
- Governor 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 – Travis Hill (Acting Chairman effective January 20, 2025)
- Vice Chairman Vacant
- Director Vacant
- Director Rodney Hood (Acting Comptroller of the Currency)
- Director Russel Vought (Director of Consumer Financial Protection Bureau)
Office of the Comptroller of the Currency – Jonathan Gould (nominated February 11, 2025); Rodney E. Hood (Acting Comptroller effective February 10, 2025)
Securities and Exchange Commission – Paul Atkins (nominated December 2024); Mark T. Uyeda (Acting Chairman effective January 20, 2025)
Commodity Futures Trading Commission – Brian Quintenz (nominated February 11, 2025); Caroline D. Pham (Acting Chairman effective January 20, 2025)
Consumer Financial Protection Bureau – Jonathan McKernan (nominated February 11, 2025); 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 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
Contributors
