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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, 12 a.m.)

SEC to mandate fuller disclosure by investment banks

WASHINGTON - The Securities and Exchange Commission will require investment banks to disclose their capital and liquidity levels after the agency was criticized for regulatory failings in the wake of the Bear Stearns Cos. collapse. Stocks of Wall Street firms declined on the news. (Boston Globe, 5/8/08)

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)

Consumer borrowing increases

WASHINGTON - US consumer borrowing jumped more than double the amount economists forecast in March, indicating a slowing economy is forcing Americans to accumulate credit card and other forms of debt. (Boston Globe, 5/8/08)

Foreclosure filings keep rising in Commonwealth

Some affluent Boston suburbs were among communities with the highest rates of foreclosure proceedings against homeowners in the first quarter. (Boston Globe, 5/8/08)