Yes. Information absolutely can be used against you. Imagine if you perhaps decide to smoke... now the bank (and others). know this behavior and can calculate

Yes. Information absolutely can be used against you. Imagine if you perhaps decide to smoke... now the bank (and others). know this behavior and can calculate it into your overall credit score / health care score / behavior score. You could use lots and lots of examples where market forces and banks could influence human behavior through this method. There is freedom and power in using cash.