LEVEL-LOAD SHARES seem to be catching on more quickly at brokerages and independent financial planning firms than at banks. Page 14
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WASHINGTON
NEW YORK STATE is proposing to ban some unconscionable lending practices, such as charging super-high rates to borrowers in default. Page 2
BANK OF AMERICA ran afoul of Senate Banking Chairman Phil Gramm by issuing a press release praising a group that has been attacking him. Page 3
NATIONAL/GLOBAL
TO CLEAR THE WAY for a Chicago purchase, Charter One of Cleveland agreed to lend $9 million in poor Chicago-area neighborhoods over three years. Page 4
A DATA SECURITY company has sued Zions Bancorp., claiming that the Salt Lake City company misused information it obtained from a loan application. Page 5
COMMUNITY/REGIONAL
THIRD FEDERAL Savings of Cleveland, the largest mutual thrift, will open its first Florida branches this fall. Some experts say the move comes too late. Page 7
A SHAREHOLDER SUIT accuses officers and directors of $1.5 billion-asset Jefferson Savings Bancorp in Ballwin, Mo., of falsely pumping up its stock. Page 7
CARDS
WACHOVIA will add banking functions to campus ID cards at the University of North Carolina. Page 8
TECHNOLOGY
A NEW DEAL may revive Affinity Technology, a pioneer of quick-decision consumer loan kiosks. Page 12
ON-LINE BANKING
WELLS FARGO's chief executive officer says the company has no plan to follow Bank One's lead in setting up an Internet-only bank. Page 13
MORTGAGES
MORTGAGE.COM got a chilly reception when it went public last week. Its IPO raised only half the hoped-for $112 million. Page 16
MARKET MONITOR
BANK STOCKS SOARED on news of an unexpectedly small rise in producer prices, which reduced the likelihood of a Fed rate hike this month. Page 30
