You're slicing the baloney pretty thin if you agree that the government has taken action against these same financial institutions, with respect to their processing similar payments, but it's completely unrelated to the current situation, and that the financial institutions should act as if nothing's ever happened before.
Or non-action. Europe and Australia have regulated/reduced credit card interchange fees, but USA has not.
This whole “pay with card to get a lot of points!” thing while also allowing processors to have anti-competitive terms forbidding surcharges for credit card payments is a huuuuuuuge boon for their industry.
It's really pretty crazy when you think about it. My card is 2% cash back everywhere. Discover is basically letting me steal 2% of the revenue of every shop I visit and the shops can't do anything about it.
