> All that is left is educating the masses and that fails as well. That is not always true. You can have regulations which force banks to change. Banks don't l

> All that is left is educating the masses and that fails as well. That is not always true. You can have regulations which force banks to change. Banks don't like it but politicians don't like an unstable banking sector, especially if it causes sharp changes in the stock market. As an example, the recent money laundering scandals in Sweden has caused some changes in credit card security. Politicians want to reassure the public and increase trust in Swedish banks, so the last years has seen several notable banking regulations. I would guess that they actually want noticeable friction in order to reassure the public that they have things under control.