Goldman has “been more aggressive about pushing, and wanting to do these investments,” said Mayra Rodriguez Valladares, a consultant who works with banks and regulators on compliance with the Dodd-Frank financial law.

“What I’m hearing from the regulators is they are not wanting to be seen as being too soft on Goldman, of all the banks. So I’m not convinced that they are going to get away with it this time,” said Ms. Rodriguez Valladares, who has been an occasional contributor to The New York Times DealBook.