Signature and Silicon Valley Bank Collapses Followed Softened Regulation - The New York Times

From the moment the law went into effect, the banking industry sought to rescind or at least relax it. Its argument was that onerous regulations constrained the industry's ability to lend money to creditworthy customers.

The argument fell on deaf ears with Mr. Obama in the White House. Mr. Trump was more receptive. Barely a week after taking office, he called Dodd-Frank "a disaster" and told reporters that "we're going to be doing a big number on" the law...

https://www.nytimes.com/2023/03/13/business/signature-silicon-valley-bank-dodd-frank-regulation.html