I think it would be OK if you could make the font smaller and darker. It's rather grey annd makes up for the difficulty in reading it by having a large font. Consequently it looks like something a kid has designed. Perhaps they did...

I've had worse, one of the webmails I use (certainly until very recently) used to 'keep' the login email address and because it was loading adverts would often drop you into a Google search box if you were too quick - or too slow. That meant anyone watching could see you paswword because ou were searching for it. It did complain and had a few e-discussions with some support staff but they didn't see it as a problem...