ICANN always argued that regulation / enforcement / policing of the registrars was not their job in response to complaints about many registrar's activities
Even if the activities are illegal (statute or Common Law)? If not ICANN, than who else? This is one of the problems with giving ICANN a monopoly.
"60 day hold/no registrar transfer period" after you renew your domain or change the name of any of your WHOIS contacts
Is that not disclosed in their Terms of Service or is it more like, "big boobs on TV so I didn't bother to read the agreement"?
Not saying it's not scummy, but scummy and fraud are different. If it's not in their ToS but they do it anyway, it's probably illegal as unlawful holding of property (some courts in some jurisdictions have recognized domains as property). Regardless, experienced ski instructors usually advise you're gonna have a bad time if you register with GoDaddy.