This is not news. In the US people vote for politicians who promise low regulation, business friendly and "economy" priorities. Those politicians run with corporate money and favor corporations.
Other places (like the EU) have people who vote differently and have more appetite for reigning in the "free market" while serving consumers as the priority.
It's not impossible for people to change, just unlikely. We tend to assume the pond we live in has the best water.
People vote for those politicians because that's what they want. But is the problem with what they want, or what they get?
Regulatory capture that puts up barriers to anyone trying to compete with the incumbents is neither "low regulation" nor what people want, but it's the status quo in the US.
I'm absolutely all for credit card merchant fees getting capped and treated more like a highly-regulated monopoly.
In that scenario my argument in support of credit cards gets even stronger.
As I've mentioned, another counterexample is that Visa and Mastercard credit cards very much continue to exist in the EU, even after consumer credit card interchange rates have been capped to 0.3%.