No, there are many federal and state agencies that all prosecute. Plus private legal action in civil court, including class action suits.Who would be the prosecuting authority on consumer credit fraud? Right now it is the FBI and they do not have a firm legal framework to prosecute banks for liars loans. It's time we had at least a mechanism to charge institutions for wrongdoing, right now we have almost nothing.
Name any class action suits that resulted from credit card agreements?
Smoke screen, name a downside to forcing banks to finally simplify their contracts.
None, if you're a trial lawyer.
Why do you think they're written like that to begin with?