Often, the chances of getting fast loan approval are higher because of the specified
purpose of the loan, and the fact that the borrower is clearly
serious about escaping
financial hot water.
The bill gives authorities, including intelligence services, the UK's
Serious Fraud Office (SFO) and the UK's
Financial Conduct Authority (FCA) the ability to access this information for specific investigations, if it is «necessary and proportionate» for the
purpose of combatting terrorism or preventing crime.