In the UK I can raise this with my bank and if they don't resolve it I can raise it with the regulator, who has real teeth. Getting back on topic, who regulates Apple?
There are bank regulators in the US, it is heavily regulated. Businesses are still free to choose who they want to do business with. Banks will get smacked down by regulators if they helped laundered money so they error on the side of caution. The fact that is heavily regulated is the root cause.
