Most regulation does not accomplish what you think it does. Most government regulation of industry helps protect the existing, large incumbents and places hefty barriers of entry to new comers. While the regulation has some benefits to consumers, it ultimately serves to protect the entrenched, slows innovation, and ultimately stagnates or increases prices because new competition does not enter the market and create either surplus or price pressures.
I'm not wanting zero regulation, but there's a turning point of negative return. Light regulations that promote safety and prevent fraud can be good. But once companies have to hire entire teams of lawyers and accountants to understand and audit regulations, they've gone too far. When large, incumbent corporations start supporting regulations (and send campaign dollars to the politicians pushing them), you know they've become a protectionist racket, not a consumer protection policy.