Ethical theories

Many banks have rolled out a natural disaster program for customers in communities impacted by the bushfire and drought emergencies that are devastating parts of the country. Banks will also defer interest payments on a case-by-case basis. Other measures include restructuring existing loans free of the usual establishment fees and enabling debt consolidation to help make repayments more manageable.

Banks are also offering additional finance to help cover cash flow shortages and can increase emergency credit card limits. Given some of the hardest-hit regions are in popular tourist areas, banks are also encouraging small businesses to get in touch to access a range of assistance measures to help them through the recovery.

Briefly discuss the ethical concerns from the view of a utilitarian and virtue ethics standpoint.