WASHINGTON

The House is expected to approve a $1.2 billion subsidy over five years for banks that make student loans. Senate passage is anticipated this week. Page 2

REGIONAL

The American Bankers Association is launching a subsidiary, ABAecom, to provide digital certificate services for Internet commerce. Page 6

First Data and Gemplus of France announced a contractual agreement that could lead to a powerful alliance in electronic payments and commerce. Page 6

MORTGAGES

Two distressed-asset specialists claim a Kansas servicer of charged-off loans dumped nearly worthless loans on them and other unsuspecting buyers. Page 11

TECHNOLOGY

Despite increasing sales of its electronic funds transfer software, including two large contracts announced recently, Fundtech is in the doghouse among investors. Page 16

CARDS

Serious credit card delinquencies and net chargeoffs both tapered off in the second quarter, the first time in four years the measures have declined in tandem, according to Veribanc. At June 30, net chargeoffs declined to 1.36% of outstanding credit card debt, from 1.41% March 31. Page 35

COMMUNITY

This year's American Bankers Association annual convention in Orlando seems more focused on fun than anything else. Page 18

CORPORATE FINANCE Page 21

INVESTMENT PRODUCTS

Compliance officers at bank brokerages say they are being extra vigilant amid the current stock market gyrations. Page 23

MARKET MONITOR

As the world waits for Fed policymakers to make up their minds about interest rate levels, two midwestern community banks cut their prime rates. Page 38

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