PH FedACTion: Financial Regulatory Updates
Daily Financial Regulation Update -- Friday, August 21, 2026
August 21, 2026
By Lawrence D. Kaplan,Jason Shaferand Kris Knabe
Subscribe to PH FedACTion: Financial Regulatory Updates
Subscribe to the PHFintech: Crypto Policy Tracker
Congress
US House of Representatives
Committee on Financial Services
House Financial Services Committee Schedule for September
August 19, 2026
Full Committee Hearing: “Strengthening the American Economy: Promoting Growth, Opportunity, and Prosperity”
Time: 10:00 a.m. ET
Date: Wednesday, September 2, 2026
Full Committee Hearing: “The Annual Testimony of the Secretary of the Treasury on the State of the International Financial System”
Time: 10:00 a.m. ET
Date: Tuesday, September 15, 2026
Markup of Various Measures
Time: 10:00 a.m. ET
Date: Wednesday, September 16, 2026
Financial Institutions Subcommittee Field Hearing: “Main Street Capital Access Act: Empowering Community Banks to Drive Economic Growth”
Time: 12:00 p.m. ET
Date: Friday, September 18, 2026
Full Committee Hearing: “Oversight of Prudential Regulators”
Time: 10:00 a.m. ET
Date: Wednesday, September 23, 2026
Task Force on Monetary Policy, Treasury Market Resilience and Economic Prosperity Hearing: “Examining the Future of Central Banking”
Time: 2:00 p.m. ET
Date: Wednesday, September 23, 2026
Federal Agencies
Federal Reserve Board
Working Paper: ‘Beyond the Unemployment Rate: A Structural Labor Market Indicator’
August 20, 2026
The Federal Reserve Board published a working paper titled “Beyond the Unemployment Rate: A Structural Labor Market Indicator.”
Commodity Futures Trading Commission
CFTC Seeks Public Comments on Proposed Elimination of SEF Order Book Requirement for Permitted Transactions
August 20, 2026
The Commodity Futures Trading Commission published a notice of proposed rulemaking seeking public comments on proposed amendments to commission regulation § 37.3(a)(2) to remove the order book requirement allowing swap execution facilities not to offer an order book for permitted transactions.
CFTC Chair’s Remarks at White House Innovation Meeting
August 20, 2026
Commodity Futures Trading Commission Chair Michael S. Selig gave remarks at the White House Innovation Meeting held on Aug. 19, 2026.
Federal Housing Finance Agency
Foreclosure Prevention, Refinance and Federal Property Manager's Report — May
August 20, 2026
The Federal Housing Finance Agency released the May 2026 Foreclosure Prevention, Refinance and Federal Property Manager's Report.
International
UK Financial Conduct Authority
Consumers Warned to Beware of Risky Mini-Bonds and Loan Notes
August 20, 2026
The Financial Conduct Authority is warning consumers about the risks of investing in loan notes and mini-bonds issued by unregulated companies, after continuing to see people lose money in these high-risk investments.
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
Contributors
Practice Areas
For More Information