By Kyle Hauptman, Main Street Growth Project

Remember during the 2008 financial crisis, when everyone was screaming about regional banks based in Minneapolis, Pittsburgh, and Salt Lake City? Yeah, me neither.

Still, even though the crisis was centered on the struggles of global banking behemoths on Wall Street, regional banks across the country got hammered with the same regulations designed for Citigroup and the other global mega-banks. The 2010 Dodd-Frank Act’s one-size-fits-all regulation affected Wall Street banks like Citigroup with $1.8 trillion in assets, as well as smaller banks with much lower asset totals, such as Zions ($59.9 billion assets). This convoluted, illogical situation placed the financial burden on regional bank customers, like small businesses and homeowners. As Zions’ CEO put it, “Overregulation hurts bank customers [and] destroys incentives to engage in banking.”

Americans deserve smart financial regulation, which will ensure they have the tools needed to grow. Yet right now we don’t, to put it mildly, have it. Improperly calibrated regulation is a key reason our economic recovery has been so tepid. This isn’t really about banks. It’s about regular working people trying to feed their kids, trying to make a living.

Read the rest of the op-ed at The Hill.