I just yesterday had to sign up for some bullshit "secure email" service to read some email from my late uncle's bank. They had all the rules described in the article, and I could not use highly secure generated passwords. I finally settled on some super weak password with one of each requirement (char, case, symbol) tacked on to the end. Sigh.

To make matters worse, the email looked just like a phishing attempt. Right down to having you download some html attachment, which, after it opens, directs you to click on something which finally takes you to the "secure email". The whole process felt like something a scammer would come up with, and is really not how banks should condition their customers.