CONSUMER LEASING: The Fed revised its Regulation M staff commentary to clarify how banks should disclose lease renegotiations, fees, and taxes. Published April 6. Effective March 31, 1999, but compliance is optional for one year.

TRUTH-IN-LENDING: The Fed clarified in a staff commentary that banks may not mail unsolicited credit cards to consumers, even if the product also serves as a stored value card. Published April 6. Effective March 31, 1999, but compliance is optional for one year.

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