We need to stop calling these insane perverse situations the outcome of "well-intentioned regulations". Every single one of theses regulations passed over the warnings of people at the time who predicted they would cause or contribute to exactly the outcomes we see now. The regulations and their peddlers are about as well intentioned as the carbon fiber submarine dude. The peddlers of these regulations wanted the regulations and ignored everyone who told them something they didn't want to hear. That's not well intentioned. That's behavior on a spectrum from ignorant to malicious.
Agreed, but it’s not just government. I just spent 2 days in a Kafka-like hell where a credit card I had for 22 years was closed by Citi. At every stage the many people I spoke with wanted to help but couldn’t, because the software had made the decision and it was final. No human was in the loop. And it wasn’t until many hours of phone calls that we even learned the reason for the closure. This army of humans employed by Citi are just slaves to a computer system.