The conversation between human and AI assistant.
Why aren't  credit cards regulated?
I'm curious about something. Why aren't credit cards regulated? It seems like there are a lot of potential issues with fraud and high interest rates.
That's a great question. Credit card companies are actually regulated by the government, but there are still aspects that aren't fully regulated. For example, credit card interest rates are regulated by the Federal Reserve, but there are no limits on the amount of fees that can be charged.