[ignaloidas]

FWIW it's a bit of a different game with TPMs than with secure elements in general - imagine how much would it cost a bank in credit card replacement costs if the firmware on them could be erased by anyone, making the card useless. That's not something that should be wipeable.

[cryptonector]

Sure, because the bank probably doesn't charge customers for the cost of the replacement card, so customers could get a free smartcard for other purposes. What do these cost nowadays?