Definitely. Whole industry needs restructuring but it won’t be.
It’s basically “The Least” they could do but it’s doing something. Even better, which gets less press, is reducing interest rates and stretching repayment times as well as completely eliminating certain fees that would accumulate and likely make up a bulk of those $10 and $20k returns.
It’s more akin to the results of a class-action lawsuit for fraudulent practices than a ‘gift’. They just avoided needing a lawsuit.