TRUTH-IN-LENDING II: The Fed gave lenders more flexibility in disclosing rates for variable rate loans of more than one year that are secured by a principal dwelling. Expected to be published shortly. Effective immediately, but compliance is optional until Oct. 1, 1998.
COMPUTER SECURITY: The Fed issued guidelines Monday designed to help banks ensure the integrity, availability, and confidentiality of information moved electronically. For example, the Fed advised banks to establish comprehensive information security programs, paying special attention to internal network security. Effective immediately.
OCC FEES: The Office of the Comptroller of the Currency increased by 25% the annual fee it charges poorly run national banks. Published Dec. 4. Effective Dec. 31.
THRIFT APPLICATIONS: The Office of Thrift Supervision increased to 25 days from 10 days the public comment period on applications such as requests for new charters. Published Dec. 4. Effective Jan. 1.
CORPORATE CREDIT UNIONS: The NCUA postponed the effective date of a rule governing the investments of corporate credit unions by five months, to May 1. The agency said institutions needed more time to meet capital and staffing requirements and that it required more time to process applications by institutions seeking expanded investment authority under the rule. Published Dec. 4.
PILOT PROGRAMS: The Federal Housing Finance Board issued the procedures it will follow when reviewing Home Loan bank pilot programs. Published and effective Nov. 26.