I'm all for a smart regulatory climate. But I'm not for knee jerk regulation to appease people. I'd be okay with less regulation if it meant more money was flowing in to the entrepreneurs.There are people who say the banking agency is overregulated. Those are mostly people who work in banks or for banks, like lobbyists, and complain about every new regulation that comes their way because to a bank, less regulation is good. It means lower overhead and lower oversight.
There is another class of people that are annoyed by banking regulations and this is the entrepreneur. Government regulations can make the barrier to entry in certain industries next to impossible as it takes a banking relationship to start a business. However, some businesses have a very hard time securing these relationships because their industry is either heavily regulated by the SEC or there is such ambiguous rules/regs that banks will not partner with them.