If you want to buy a house and you need a loan, it is a deep investigation into your bank finances.

If I have the money for a down payment, and I want to buy a house, I don't need someone poking around at my finances, even if I have nothing to hide.

> Usually people getting loans don’t have the funds in cash already.

Source? People get loans for all sorts of reasons. Loans are backed by some sort of collateral and if that isn't assets, it definitely involves having someone look at your records.

> Defi is nothing like that its currency speculation at best.

Wrong. DeFi itself has nothing to do with speculation. There is $57B locked up in AAVE on ethereum alone. It isn't a toy.