Regulation

From the National Banking Act signed by Abraham Lincoln all the way to the 2010 Dodd-Frank Act, the structure of the bank regulatory system has been a work in progress. Here are some of the biggest laws of the last 150 years.

The Department of Housing and Urban Development is starting the process of issuing its own qualified mortgage rule after the Consumer Financial Protection Bureau issued its QM rule, which could be disruptive to the Federal Housing Administration single-family program.

Federal Reserve Board Gov. Jerome Powell said efforts by regulators to eliminate "too big to fail" could take years to complete, but said the agencies must be given a chance to make them work.

A state regulatory body has issued a cease-and-desist order to Square Inc., claiming that the San Francisco-based company is handling payments in Illinois without a license in place to do so.

A BusinessWeek cover sparked controversy recently because many saw it as racist. But it also stirred concerns because it reinforced a persistent myth about the financial crisis: that it was caused by predatory borrowers, not lenders.

The best way to meet the needs of consumers and communities is to once again have the private sector play the lead role in the housing market, led by responsible local lenders.

The Justice Department is investigating a recently acquired unit of Ocwen Financial (OCN), the company announced Friday.

Florida Attorney General Pam Bondi's office obtained a temporary injunction and asset freeze against collection agencies Vanderbilt & Associates LLC and Buchanan Capital Management LLC.

This is the latest of multiple name changes for the company, which used to be called IdeaEdge Inc. IdeaEdge was already trying on a new name, Socialwise Inc., when it launched the BillMyParents alternative payment product in 2009. Then in 2011, the company renamed itself again, calling itself BillMyParents Inc.

Federal Reserve Board Chairman Ben Bernanke said Friday the central bank is continuing to take precautionary steps to ensure that prolonged low long-term interest rates will have minimal impact on financial stability.