A paper titled "The Impact of Dodd-Frank on Community Banks," released by the AEI (American Enterprise Institute) advises a two-tiered regulatory system, where the structural differences between community banks and their larger counterparts are taken into account. The paper, co-authored by Tanya March and Joseph Norman, emphasized the critical role of the community banks in providing financial services to those who live in rural areas or for individuals (more than 16 million) and small business who do not fit into the typical customer risk profile of the larger banks. The paper argues that the Dodd-Frank regulatory overhaul encourages financial product standardization, and thereby undermines the relationship banking model and decreases the diversity of consumer banking options. That will in turn cause credit for these customer groups will be eliminated or become more expensive. The paper also warns that "one-size fits all" regulations under the DFA may have another adverse consequence
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