For 2) In Australia where I am from there are a number of Industry watchdogs such as ACCC (Competition and Consumer Commission), ASIC (Securities and Investment

For 2) In Australia where I am from there are a number of Industry watchdogs such as ACCC (Competition and Consumer Commission), ASIC (Securities and Investment), ABCC (Building and Construction). The ACCC for example investigates Anti-competitive behavior and has the ability to levy fines etc. This is somewhat topical at the moment in the wake of ongoing banking Royal Commission which has turned up huge ethical breaches in the banking and finance sector (Interest rate rigging, fraudulent lending, Cartel behavior etc). There have been some editorials recently about perceived toothlessness of ASIC failing to go after the perpetrators with full weight of penalties available (for instance editorial here: http://www.abc.net.au/news/2018-06-04/crime-as-misdemeanours-tale-of-two-law-enforcement-agencies/9830742 http://www.abc.net.au/news/2018-06-04/crime-as-misdemeanours... ) I think US equivalent would be something like SEC but I'm not sure if they have a consumer competition focused watchdog like ACCC that goes after anti-competitive behavior.