It is my understanding that banks have been actively lobbying for years against the Dodd-Frank law, as the cost of compliance for them is astronomical and forces them to turn away business that they would want to have in a normal functioning market.  The posts here seem to indicate that may be true.  Nobody wants to turn away business, but once they look at the cost benefit analysis and risk reward relationship in this regulatory environment it sort of ties their hands.  Are the regulators being aggressive?  Yes, but the real answer is that it is time for a round of deregulation.  Probably not a politically popular word after the financial crisis, but economically it would be great!