PH Fintech Tracker on Executive Order for Digital Assets

Congress

Federal Agencies

Federal Reserve Board

Federal Reserve Board adopts a supervisory framework for insurance organizations that are overseen by the Board

September 28, 2022

The Federal Reserve Board finalized a supervisory framework for insurance organizations that are overseen by the Board.

Federal Reserve Board Federal Deposit Insurance Corporation Conference of State Bank Supervisors

2022 Community Banking Research Conference Speeches

September 28, 2022

The Federal Reserve Board, Federal Deposit Insurance Corporation (FDIC), and Conference of State Bank Supervisors (CSBS) co-sponsored the 2022 Community Banking Research Conference that included speeches from Federal Reserve Board Chair Jerome H. Powell and Governor Michelle Bowman, FDIC Acting Chair Martin Gruenberg, and CSBS Chair Tom.

Federal Reserve Bank of New York

Blog: Short-Dated Term Premia and the Level of Inflation

September 28, 2022

The Federal Reserve Bank of New York published a Liberty Street Economics blog post entitled, "Short-Dated Term Premia and the Level of Inflation."

Conference of State Bank Supervisors

Survey: Community Bankers Feel Slow Economy at Local Level

September 28, 2022

The Conference of State Bank Supervisors released the 2022 National Survey of Community Banks showing that community bankers across the nation ranked net interest margins, economic conditions and loan demand as their highest external risks.

Commodity Futures Trading Commission

Market Risk Advisory Committee Meeting Statements

September 28, 2022

Commodity Futures Trading Commission Commissioners Kristin N. Johnson, Christy Goldsmith Romero, and Caroline D. Pham gave statements before the Market Risk Advisory Committee.

Consumer Financial Protection Bureau

Report: Recovering from Elder Financial Exploitation: A framework for policy and research

September 28, 2022

The Consumer Financial Protection Bureau published a report entitled, "Recovering from Elder Financial Exploitation: A framework for policy and research."

Blog: Examining the potential impact of high vehicle costs on Americans with deep subprime credit scores

September 28, 2022

The Consumer Financial Protection Bureau published a blog post entitled, "Examining the potential impact of high vehicle costs on Americans with deep subprime credit scores."

Ginnie Mae

Multifamily ESG Charts & Graph on Disclosure Search Screen

September 28, 2022

Ginnie Mae has released Multifamily Environmental, Social, and Governance (ESG) Portfolio level charts to provide a visual display of data that makes comparisons easier and promotes a better understanding of trends in Ginnie Mae's disclosure data.

Bank Policy Institute

BPI Supports Senate Effort to Achieve Digital ID Benefits

September 28, 2022

The Bank Policy Institute issued a statement in support of the "Improving Digital Identity Act of 2022" (S.4528) which the U.S. Senate Homeland Security and Governmental Affairs Committee voted to pass during a legislative markup.

International

Administration Changes

Vacancies

Federal Deposit Insurance Corporation

  • Chair – Vacant (Martin Gruenberg serves as Acting Chair)
  • Vice Chairman – Travis Hill (nominated September 20, 2022)
  • Member – Jonathan McKernan (nominated September 20, 2022)

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)

Federal Reserve Bank of New York – John C. Williams (effective June 18, 2018)

Federal Deposit Insurance Corporation – Martin Gruenberg (Acting Chair, appointed February 5, 2022)

Consumer Financial Protection Bureau – Rohit Chopra (effective October 12, 2021)

Securities and Exchange Commission – Gary Gensler (effective April 17, 2021)

Small Business Administration – Isabella Casillas Guzman (effective March 16, 2021)

Commodity Futures Trade Commission – Rostin Behnam (effective December 17, 2021)

Financial Crimes Enforcement Network

National Credit Union Administration – Todd M. Harper

U.S. Department of Housing and Urban Development – Marcia Fudge (effective March 10, 2021)

Federal Housing Finance Agency – Sandra L. Thompson, (confirmed May 25, 2022)

U.S. Department of Education – Dr. Miguel Cardona (effective March 2, 2021)

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.