There's little recourse to fake DMCA complaints. The reason the DMCA exists was to placate content owners who wanted a way to get infringements taken offline quickly. There does need to be something done about fake complaints - this is especially affecting creators, journalists (I'm including small time bloggers and vloggers in this group) and others who can't afford an army of lawyers to protect a small revenue stream. The problem is that it will be hard to get anything done because bigger media companies will loby to get even more power than they have today.