Its like forcing everyone to have a Facebook account to talk to their local authorities.
You have a huge variety of choice of bank, including nonprofit, cooperative credit unions that don't do anything evil to their customers.
Banks borrow money cheap. Can a regular person do that? No. Of course not.
It's clearly about control/money. Same thing
There are a plenty of cheap loans available to regular persons, but of course you have to be an adult to access those.
Also, the government already forces you to have auto insurance. This doesn't really seem any better or worse.
Banks don't need to borrow money, they just create it:
* https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1905625
* https://www.bankofengland.co.uk/quarterly-bulletin/2014/q1/m...
If you still think about banks re-loaning bank deposits you're living in another century. Fractional reserve banking hasn't been a thing since (at least) the 1960s.