|
|
| | NCBA Leaders Thank Rep. Tim Moore for Banking Leadership |
|
|
|
| | NCBA President & CEO Peter Gwaltney and NCBA Chair Jim Marshall met with Rep. Tim Moore (NC-14) in Washington, D.C., this week to thank him for his leadership on key banking issues before the House Financial Services Committee. | | Gwaltney and Marshall expressed appreciation for Rep. Moore’s work advancing policies that support North Carolina’s banking industry, including passage of the TRUST Act in the U.S. House of Representatives. The meeting provided an opportunity to continue discussions on legislative priorities affecting banks across the state. |
|
|
|
| |
|
|
| Housing Bill Includes Banking Provisions of Note |
|
|
|
| | The Housing for the 21st Century Act (H.R. 6644), a bipartisan housing package advanced by the House Financial Services Committee and which has now cleared the House floor by a 390-9 vote, contains numerous provisions relevant to the banking industry. |
|
|
|
|
|
|
| Of particular note, the bill includes the text of a bill that Rep. Tim Moore filed last year – the Tailored Regulatory Updates for Supervisory Testing Act of 2025 (TRUST Act) – which would raise the consolidated asset threshold for well-managed community banks that qualify for longer examination cycles. |
|
|
|
| | |
|
|
|
|
|
|
|
|
| | Comptroller Jonathan Gould and Congressman Tim Moore Meet with North Carolina's Banking Community |
|
|
|
| | During a visit to Charlotte, Comptroller of the Currency Jonathan Gould and House Financial Services Committee Member Tim Moore met with a group of NC bank leaders at the Dubois Center at UNC Charlotte Center City. They shared views on such matters as aligning federal rules with the actual risk profile of banks and applying appropriate oversight and safeguards to entities that engage in banking-related activities. |
|
|
|
| | | They also took questions from the bankers on such matters as stablecoin regulation, streamlining examination processes, and removing impediments to new bank formation. |
|
|
|
|
|
|
| | | | Advocacy Opportunities: ABA Washington Summit (March 9-11) and ICBA Capital Summit (May 4-7) |
|
|
|
| | NCBA partners closely with ABA and ICBA to advance pro-banking legislation and oppose harmful proposals. One of the most effective ways you can support this work is by attending the ABA Washington Summit (March 9–11) or the ICBA Capital Summit (May 4–7), both held in Washington, DC. |
|
|
|
|
|
|
|
| Members of Congress want to hear directly from their constituents about how federal policy affects your bank and your community. A strong turnout from our industry reinforces the importance of our priority issues. |
|
|
|
|
|
|
|
|
| NC Banker Adam Currie Appointed Richmond Fed Director |
|
|
|
| | Adam Currie, president and CEO of First Bank in Southern Pines, has been elected as a Class A director of the Federal Reserve Bank of Richmond. | | Currie was elected by state member banks within the Richmond Fed’s district. In this role, he will help represent the interests and perspectives of member banks across the region. |
|
|
|
|
 | | Adam Currie, First Bank in Southern Pines |
|
|
|
|
|
|
| His appointment was announced as part of several director selections and board leadership appointments across the Richmond Fed and its Baltimore and Charlotte branches. |
|
|
|
| | |
|
|
| | TowneBank Celebrates Grand Opening of Cary Parkway Financial Center |
|
|
|
| | | TowneBank celebrated the grand opening of its Cary Parkway Financial Center, located at 3791 NW Cary Parkway, at an event on February 5, 2026. | | An audience of over 150 people gathered for the ribbon-cutting and enjoyed remarks from local leaders who spoke about the bank’s impact on the community. Mark Lawson, president of the Cary Chamber, remarked on the bank’s stewardship and continued investment in the area. “TowneBank shows great confidence in Cary and does more than its share to give back.” North Carolina Bankers Association president and CEO Peter Gwaltney shared his excitement for “the dreams that will be made” in the new space. |
|
|
|
| | |
|
|
|
| Federal Legislative & Regulatory Update⚖️ |
|
|
|
|
|
|
| Court Partially Upholds Illinois Interchange Fee Law |
|
|
|
| | The Illinois Interchange Fee Prohibition Act, or IFPA, bans banks, payment networks and other entities from charging or receiving interchange fees in Illinois on the portion of a debit or credit card transaction attributable to tax or gratuity. A federal court has upheld the IFPA in part and struck down another portion of it. |
|
|
|
|
|
|
|
|
| Repeal of FHFA Fair Lending Rule |
|
|
|
| | FHFA has repealed a 2024 final rule that codified many of its existing practices and programs regarding fair housing and fair lending oversight of Fannie Mae, Freddie Mac and the Federal Home Loan Banks. The regulated entities remain subject to comprehensive obligations under federal fair lending laws, including the Fair Housing Act and ECOA administered by HUD and the CFPB. |
|
|
|
| | |
|
|
|  | | March 3-4, 2026 | UNC Charlotte Marriott |
|
|
|
| | | |
|
|
| Testimony by Treasury Secretary Bessent |
|
|
|
| | In testimony before the House Financial Services Committee and the Senate Banking Committee as part of the annual report of the Financial Stability Oversight Council, Treasury Secretary Scott Bessent focused on the need for regulatory tailoring. |
|
|
|
|
|
|
| He also addressed topics like stablecoin regulation and acknowledged concerns about crypto companies paying interest or yield on payment stablecoin holdings. Secretary Bessent said Treasury is working to ensure there would be no deposit volatility. |
|
|
|
| | |
|
|
|
| Sen Tillis Expresses Concern Over Investigation into Powell |
|
|
|
| | Senator Thom Tillis expressed concern during the Senate hearing over the White House's investigation into Federal Reserve Chair Jerome Powell. The Justice Department is investigating Powell's testimony to the Banking Committee about cost overruns on the Treasury's office renovation project. |
|
|
|
|
|
|
| Tillis said a majority of his colleagues on the committee heard Powell's testimony and didn't see that a crime had been committed, calling himself "a witness at the scene of the alleged crime." |
|
|
|
| | |
|
|
|
| | Fed Stress Test Scenarios |
|
|
|
| | The Federal Reserve has finalized the scenarios for its annual stress test for large banks. In addition, the Fed board voted to maintain the current stress capital buffer requirements until 2027. |
|
|
|
| | | |
| | Legal Challenge to Efforts to ‘Abolish’ CFPB |
|
|
|
| | Nearly 200 members of Congress have filed an amicus brief urging the courts to halt what they said is the Trump administration’s attempt to dismantle the CFPB. The case is National Treasury Employees Union v. Vought. Rep. Deborah Ross is one of the signers. |
|
|
|
| | |
|
|
|
|
| FDIC Extends Comment Period for Genius Act Implementation |
|
|
|
| | The FDIC will extend to May 18 the deadline for comment on its proposal to create a process through which banks can seek agency approval to issue stablecoins through a subsidiary. |
|
|
|
| | |
|
|
|
|
| Senators Introduce Bill to Stop ‘Scam Ads’ |
|
|
|
| | Senators Bernie Moreno (R-OH) and Ruben Gallego (D-AZ) have introduced “The Safeguarding Consumers from Advertising Misconduct Act” (SCAM Act) directing social media companies and other online media providers to take steps to fight fraudulent advertisements on their platforms and give users better tools to report fraud. The bill also would strengthen the ability of the FTC and states to enforce violations of consumer protection laws. |
|
|
|
|
 | Left: Sen. Bernie Moreno
Right: Sen. Ruben Gallego |
|
|
|
|
|
|
| With Americans losing billions of dollars annually to scams – and banks investing massive resources to detect and stop fraud – the bill would impose common-sense requirements on online media providers to do their part to reduce fraud. Online media providers would be required to verify the legal name and location of advertisers, add fraudulent and deceptive commercial advertisement detection systems, and provide a tool for users to report suspected fraudulent or deceptive commercial advertisements. |
|
|
|
| | |
|
|
|
| Cybersecurity Threat Sharing |
|
|
|
| | Signed into law last week, the temporary funding agreement for the federal government (H.R. 7148) includes as Section 5008 a reauthorization of the Cybersecurity Information Sharing Act of 2015 – a voluntary framework for the private sector and government agencies to share information about cyberthreats – through September 30, 2026. |
|
|
|
| | |
|
|
|
|
| Applications Open Soon for 2026 NCBA Foundation Scholarship |
|
|
|
| | The NCBA Foundation is proud to continue its longstanding commitment to higher education through the 2026 Scholarship Program. Applications will be available February 16 through March 27. | | Since 1984, the program has awarded annual stipends to help children of financial institution employees pursue their academic goals. |
|
|
|
|
|
|
| This valuable benefit is available to North Carolina employees of institutions that participate in the Scholarship Program. We encourage eligible families to take advantage of this opportunity and apply during the open window. A list of participating institutions and additional details are available online. |
|
|
|
| | |
|
|
|
| Registration is Now Open for the CBS Benefits Day & HR Workshop! |
|
|
|
| | | This annual event offers a valuable opportunity to explore the benefits and solutions available to your employees through Community Bank Services, Inc., while connecting with peers to share insights and best practices in human resources management. |
|
|
|
| |
|
|
| CBS Spotlight: S&P Global Market Intelligence |
|
|
|
|
|
|
| 2026 Market Outlook: Strategic Insights for the Evolving Landscape |
|
|
|
|
|
|
| The S&P Capital IQ Pro is a financial intelligence platform that empowers bankers with the data, analytics, and insights they need to make better strategic decisions faster. By consolidating critical business information into one streamlined system, S&P Capital IQ Pro helps banks compete while freeing up time to focus on what matters most—building relationships and serving their local communities. |
|
|
|
|
|
|
| Key Capabilities at Your Fingertips: | - Company Intelligence - S&P Capital IQ Pro provides comprehensive profiles on banks and financial institutions that allow you to quickly understand competitor positioning.
- Business Listings - Quickly build and maintain a target list of businesses in your footprint—filtered by industry, location, size, ownership, and other key attributes.
- Competitive Rate Tracking & Market Comparison - Monitor competitor deposit and loan rates in real-time to ensure your pricing remains competitive.
- Deposit Market Share Analysis - Understanding who holds deposits in your markets is critical for strategic planning. S&P Capital IQ Pro integrates FDIC Summary of Deposits data, allowing you to analyze market share by MSA, county, or branch location.
- M&A Analysis & Deal Intelligence - Stay informed about bank M&A activity that could reshape your competitive landscape. S&P Capital IQ Pro tracks announced and completed transactions, providing deal terms, financial metrics, and strategic rationale.
|
|
|
|
| | |
|
|
|
| Need Credits? Earn CRCM, CPE, SHRM and More! |
|
|
|
| | Looking to skill up? For a limited time, North Carolina Bankers Association is making it easier than ever to invest in your professional growth. Sign up for one of the upcoming webinars from our partnered providers: |
|
|
|
|
|
|
|
|
|
|
|
|
|
| "Never limit yourself because of
others’ limited imagination." |
|
|
|
| | |
|
|
|
| NC Bankers Association | 3601 Haworth Drive | Raleigh | NC | 27609 | US |
|
|
|
| | If you no longer want to receive emails regarding the NCBankers Bulletin, please profile. |
|
|
|
|
|
|