Reserve Bank rip-off

After almost 10 years it seems as though the Reserve Bank is finally going to do something about the rip-off it created. In 2003 they allowed merchants to charge you for using your credit card. They said was to encourage competition. The only competition seemed to be between merchants to charge you the highest fees, some as high as 10%. Apparently three quarters of a billion dollarsare being gouged from you for this rort. Why has it taken the Reserve Bank almost a decade to move to try to fix up the mess it created? It's time that the people of Australia were empowered to overrule this sort of silly decision. .