I think a society has to have a certain level of overall, widely-distributed, wealth for people to be willing to pay for the general protections from those sort

I think a society has to have a certain level of overall, widely-distributed, wealth for people to be willing to pay for the general protections from those sorts of regulations. The money to reimburse consumers doesn't come out of the air, it's a sort of ambient tax on people/the system in general that people are willing to pay since it's not that relatively large compared to the mean income/spending of people using the credit card system.