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A comment on The case for why Google should be regulated as a public utility. Parent comment

Re:The case for why Google should be regulated as a public u... by dogma1138 on Tuesday August 11, 2020 @11:58AM (#24121807)
Payment processors and providers are regulated around the world and in the US, if the US wanted too they could cap fees they already do to some extent just not as much as say Europe.
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Re:The case for why Google should be regulated as a public u... by tempsy on Tuesday August 11, 2020 @12:09PM (#24121945)
every industry is regulated to a certain degree. making something a utility is a step change difference.

interchange in the US is not regulated outside the Durbin Amendment for debit interchange for large banks.

Visa and MC are way too lightly regulated when they are the gate keepers to a cashless world due to what I would consider a historical accident. No reason why these networks shouldn’t be utilities in a cashless world.

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