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Credit card firms oppose merchant-fee limit

WASHINGTON - Visa Inc. and MasterCard Inc. are trying to derail legislation sought by retailers that would create a US government tribunal to set fees that the credit card companies' member banks charge merchants. (Boston Globe, 12 a.m.)

Bank of America says credit losses moving higher

CHARLOTTE, N.C. - Bank of America Corp. , the nation's second-largest bank, reported rising credit costs yesterday, as it continues to wade through a challenging economic cycle. (Boston Globe, 5/14/08)

Seed money

Are young people the future of microfinance? That's the belief of a new Cambridge-based nonprofit that wants to make microlending, a loan system for people in developing countries, a classroom staple for students in Boston and beyond. (Boston Globe, 5/12/08)

House OK's help for homeowners

WASHINGTON — The US House of Representatives approved legislation to let the government insure up to $300 billion in mortgages to help homeowners avert foreclosure, overcoming objections the measure would bail out irresponsible lenders and borrowers at taxpayer expense. (Boston Globe, 5/9/08)

Lawsuits may expand Sarbanes-Oxley

Two lawsuits filed by former employees against Fidelity Investments may resolve a simmering dispute in the securities industry: Whether mutual fund employees are protected by a whistle-blower law adopted in the wake of corporate accounting scandals. (Boston Globe, 5/8/08)