At some level, its just another aspect of the surveillance state.

"Oh, you want to buy a car? Show me your credit card statements. Show me every place you've ever lived. Tell me the name of your spouse, so I can interrogate that person as well."

I might not even call it fascist, per say. Its more feudal. Some aristocrat demanding your life story before he lets you onto his fields to work a plow.

And all because these necessities of life are so expensive that nobody can just pay cash in hand for them anymore.