December 26, 2005 News Archive

Agencies Propose Guidance on Nontraditional Mortgage Products
In a press release, the federal financial regulatory agencies issued for comment proposed guidance on residential mortgage products that allow borrowers to defer repayment of principal and sometimes interest.

Agencies Publish Guide to Help Financial Institutions Comply With Information Security Guidelines
The federal regulatory agencies announced the publication of a compliance guide for the Interagency Guidelines Establishing Information Security Standards. The guide summarizes the obligations of financial institutions to protect customer information and illustrates how certain provisions of the Security Guidelines apply to specific situations.