Today's News

WASHINGTON

Key House lawmakers were putting the finishing touches on a pro-industry compromise on privacy, teeing up the bill up for a vote this week. Page 2

NATIONAL/GLOBAL

Bank One's new on-line venture is expected to add $150 million to company expenses in the next 12 months, but revenues that it generates should offset those costs by July 2000, the CEO said. Page 5

COMMUNITY/REGIONAL

Sterling Bancshares is ready to take the strategy it built in Houston to another high-growth city. Page 7

MORTGAGES

Prospective homebuyers searching for mortgages are influenced most by advice from friends and family, a study has found. Page 8

INVESTMENT PRODUCTS

Fidelity Investments' clearing brokerage unit raised the margin requirements for its correspondent broker-dealers and listed more stocks that cannot be bought on margin. Page 9

TECHNOLOGY

Last week's announcement that three major banks had joined in an electronic bill presentment venture could not have come at a worse time for Checkfree, which was on the brink of a secondary stock offering. Page 10

In a lawsuit, HNC Software is accusing Transaction Systems Architects of patent infringement, unfair competition, false advertising, and trade libel. Page 10

DIGITAL FRONTIERS

Dime Savings has chosen the Opus Bill Payment system from Online Resources for an on-line program it is starting this year, Online announced. Page 11

CARDS

Fair Isaac has introduced three products that it says will help lenders to make faster credit decisions and help retain their customers. Page 12

MARKET MONITOR

Investors have soured on large bank mergers this year, but analysts question whether the disenchantment stems from general antimerger sentiment or the specifics of the deals. Page 21

Stock prices have been chilled ahead of this week's Federal Reserve meeting on interest rates. Many investors are bracing for a rate hike by Wednesday. The near 4% pace of economic expansion is also worrying the Fed, which views 3% growth as about the highest sustainable pace without inflation. Page 26

Bank stocks rallied after days of heavy selling, but price volatility in the sector is undermining banks' usual role as one of the market's safe havens. Back page

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