Because consumer protections would be heavy-handed government intervention that might prevent the invisible hand of the free market from being able to innovate

Because consumer protections would be heavy-handed government intervention that might prevent the invisible hand of the free market from being able to innovate whether it's more efficient to pick your left pocket or your right pocket. Though that never ending fountain of new money being handed out to banks and other centralized entities to create an inflation treadmill that destroys people's ability to interact with the market in a deliberate manner (eg investigating how a restaurant handles tips before going there, or spending time choosing a different restaurant if the first one is not transparent). That treadmill is definitely not to be considered government meddling, somehow.