The basic problem is that in highly un-regulated & legalistic economy & polity like the United States, failures such as these are not easily corrected especially where everyone except the weak make money. Everyone who could stop this is making money, the telco operators, amazon, the banks and everyone is weighing the cost of taking any legal or other action and is maximizing their own gain... nobody is really looking to is this socially good.

Contrast this with how the Singapore government in a similarly highly capitalist economy dealt with this - basically telling banks - "you'd better make good the consumers & deal with your holes or else" https://www.channelnewsasia.com/singapore/mas-will-consider-...

In many ways in domain after domain, US nowadays seems to act as the "economic proving ground of the world" where lax regulation allows a million ideas to flourish. Then folks in other parts of the world seem to take the best winning ideas, figure out how to make it work in a socially & governmentally acceptable way in other parts of the world and out-compete the US originators (eg. how Uber, Lyft, Amazon, US based social media firms have effectively been pushed out of dominance in Asia)