Daily Financial Regulation Update -- Wednesday, April 15, 2026

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Federal Agencies

Federal Reserve Board

Fed Releases February and March Discount Rate Meeting Minutes

April 14, 2026

The Federal Reserve Board released the minutes from its recent meetings on Feb. 9 and March 18 to review and determine the discount rates provided to depository institutions through the discount window.

• Press Release
• Minutes

 

Speech: ‘Rural Communities: Worth the Investment’

April 14, 2026

Federal Reserve Board Gov. Michael S. Barr gave a speech titled “Rural Communities: Worth the Investment” at Strengthening America’s Economy through Rural Investment: A Working Forum in Washington, D.C.

• Speech

 

Federal Reserve Bank of New York

Blog: ‘Use of Gen AI in the Workplace and the Value of Access to Training’

April 14, 2026

The Federal Reserve Bank of New York published a Liberty Street Economics blog post titled “Use of Gen AI in the Workplace and the Value of Access to Training.”

• Blog

 

Conference of State Bank Supervisors

Blog: ‘Uncertainty Is Up—So Why Are Community Bankers Still Optimistic?’

April 14, 2026

The Conference of State Bank Supervisors published a blog post titled “Uncertainty Is Up—So Why Are Community Bankers Still Optimistic?”

• Blog

 

International

Financial Conduct Authority

FCA Sets Out Vision for Open Finance to Empower Consumers and Businesses

April 14, 2026

The Financial Conduct Authority published an open finance plan to give consumers and businesses greater control over their financial data to help secure better deals.

• Press Release
• Roadmap

 

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 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 – SCOTUS hearing on purported termination to be held in January 2026)
• Stephen Miran (sworn in September 16, 2025)

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, nominated to be Chair September 30, 2025 and Confirmed December 18, 2025)

• Vice Chairman Vacant
• Director Vacant
• Director Jonathan Gould (Comptroller of the Currency)
• Director Russel Vought (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 (confirmed December 18, 2025)

Consumer Financial Protection Bureau – 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 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