The solution to this is so simple that it would blow your mind. In regulated industries in the U.S. there is a law called "Know Your Customer" (KYC). If businesses actually made an effort to know their customers, they would not have any issues at all.

The real issue is that everyone scrambles to make a sale, and nobody stops to determine if they should actually make that sale. Funny enough, I blame all of this on marketing and sales.