America tightening the ropes on credit card robbery

The Fed is proposing to limit the excessive late fees imposed by credit card companies on their card holders. An example of the change is that 'a person cannot be made to pay more than the sum he is owing for late fees. So if one is owing $20, the card company cannot charge the bugger for $60 as late fee. Holycow, I thought this is only a decent thing to do. You mean they have been allowing such robbery to go on for so long and just work up to it? And there are several other commonsensical changes to limit the credit card companies from robbing their cardholders, like suka suka imposing higher interest rate, or the number of days that the payment was late before penalty can be imposed. But regulators complained that the Fed forget to lower the absurdly high interest rate of 2% monthly, which is quite similar to what loan sharks are charging. But I think the Fed's hands are tied. The bankers and credit card companies need the huge interest and profits to pay themselves billions in bonuses, and this must come from somewhere. Talking about robbers, I was robbed by a local bank of several hundred dollars in a dormant account which I had forgotten because of the $2 monthly fee charge for anything less than $1,500 left in the account. Some people are reviving this complain, that people's bank must also take care of the small people. But the message is that if you cannot have $1,500 in your account, please don't 'kar chow' the big banks. They got no time for small people. And since we are the admirers and blind followers of the American system and anything American is good, would the credit card changes in America be followed here?