That makes some sense.
In my case I think I have credit that I’ve never actually used; and I think I’ve also put on their file that I am unemployed. So in principle consumers who either don’t care for the credit, or are happy to be in the highest risk category, they should not be harassed with this. I will just ignore it and see what happens.
Sounds mostly reasonable… but I don’t see the alternate citizenship helping, unless you mean to go as far as renouncing because all FATCA regions (~130+ countries) look at the birthplace, not nationality, and you can never get a new birthplace. It’s probably hard to find a non-FATCA region where you can trust the banks. But indeed… getting your 4th amendment rights has come to extremes.