• Tankiedesantski [he/him]@hexbear.net
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      1 year ago

      Usury laws should be applied to everything in the scummy industry targeting poor people. This shit, payday loans, consumer finance, all needs to be heavily regulated to avoid predatory behavior against the poor and disabled.

    • vividspecter@lemm.eeOP
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      1 year ago

      It’s a scheme originally developed by the Howard government aimed to help Indigenous Australians pay off larger purchases but I somehow doubt their good intentions given the type of person John Howard was and is. In theory, it could be useful for income management but it needs to come with significant protections otherwise it’s just predatory.