Meh, They don't give any marketshare figures in that article, and i'm having a hard time believing that discover ( being like 4th in marketshare after visa/MC/amex; and in front of.... diners club ... in us domestic marketshare.) will be appreciably bigger than a chase or citi card division in a union with capital one.
the only authority the government has is in antitrust, and as long as its below 49% marketshare and never crosses that threshold, it's game on.
Credit cards are less than half a degree of separation away from loansharks. I'd be more supportive of means tested consumer credit card bailout than student loans. ( I don't support my tax dollars going to either, but you know big . gov gonna print money and big-gov...)
{ and in my imaginary CC bailout, any person who got a debt cancellation bailout would be put on a 7-10 year no-fly list for unsecured credit card issuance; this used to exist- it was called declaring chapter 7 bankruptcy; but CC companies figured out it was too profitable to issue BR filers 22% credit 1-2 yrs after the ink dried on BR paperwork.}
In terms of truly being near mathematically impossible to dig out from under without bankruptcy, or a third party debt consolidator sticking their hands in the pie, credit card debt takes the cake from predatory practices. once they get that 24.9% interest accrual juice hooked up and meter ticking, your ass is about to be theirs.
BHPH car lots do at least provide a physical asset backing the debt, which can be used to enable income production/ productivity for the debt-holder.