首页
登录
职称英语
Costly—sometimes abusive—credit cards are bleeding millions of borrowers who
Costly—sometimes abusive—credit cards are bleeding millions of borrowers who
游客
2023-07-01
52
管理
问题
Costly—sometimes abusive—credit cards are bleeding millions of borrowers who didn’t know what they were getting into.
The bottom-feeding cards—for people with damaged credit—offer you a decent interest rate on credit lines "up to" $3,000. When the card arrives, however, your line might be only $250. And then come the fees! They’re charged to your tiny credit line, leaving you almost nothing to spend.
Two better-known card issuers with a big loan business are Capital One and HSBC’s Orchard Bank. They charge lower upfront fees than other cards do. But if you fall behind, it’s tough. Cap One’s penalty rate is currently 28.15 percent. Orchard Bank doesn’t disclose its penalty rate online and wouldn’t tell you what it is. Cap One has a reputation for issuing multiple cards to people who bump up against their credit limits. That gives them two cards, with two low limits, to overspend.
Lenders have figured out many ways of extracting fees. There’s "universal default", where a late payment on one card can trigger high penalty rates on every card you own. There’s the "endless late fee", where your payments never catch up with the new penalties you’re charged. There’s "two-cycle billing"—too complicated to explain here, but which amounts to charging interest on balances that you’ve already paid. And "retroactive (追溯的) price hikes," where banks impose higher rates on old balances as well as new ones.
These practices startle consumers who think such high fees and interest rates must be against the law. But the Supreme Court effectively deregulated credit card rates 30 years ago, and 10 years ago it deregulated the size of the fees a bank could charge. Prior to fee deregulation, late fees hovered between $13 and $15, says Robert McKinley of CardWeb.com, which tracks the business. Now they run from $30 to $40. "It’s out of control," he says. "Banks know they’ve pushed this too far."
This year, however, the new Congress started holding hearings. Suddenly Citi dropped universal default and JPMorgan Chase ended two-cycle billing. But those are just gestures. Without fee caps or laws restricting the usually high rate of interest, we’re in the bankers’ hands. [br] What do consumers never expect, according to the passage?
选项
A、The higher rates now can affect balances in the past.
B、Lenders can figure out so many ways to extract fees.
C、They can borrow from the banks easily.
D、They have to pay both fees and interest.
答案
A
解析
第5段第1句表明消费者对于第4段提到的银行的做法是始料未及的,答案要从第4段寻找。A是第4段最后一句提到的一种收取费用的方法,为本题答案。本题B干扰性极强,但从第5段第1句中的定语从句看,可知消费者不是因为借贷者能想出如此多的收费方法而感到震惊,而是因为这些方法居然不算违法而感到震惊。
转载请注明原文地址:https://tihaiku.com/zcyy/2798314.html
相关试题推荐
Whencouplesgetmarried,theyusuallyplantohavechildren.Sometimeshowe
Whencouplesgetmarried,theyusuallyplantohavechildren.Sometimeshowe
Whencouplesgetmarried,theyusuallyplantohavechildren.Sometimeshowe
Whencouplesgetmarried,theyusuallyplantohavechildren.Sometimeshowe
Whencouplesgetmarried,theyusuallyplantohavechildren.Sometimeshowe
Students’pressuresometimescomesfromtheirparents.Mostparentsare【B1】_
Students’pressuresometimescomesfromtheirparents.Mostparentsare【B1】_
Students’pressuresometimescomesfromtheirparents.Mostparentsare【B1】_
Students’pressuresometimescomesfromtheirparents.Mostparentsare【B1】_
Students’pressuresometimescomesfromtheirparents.Mostparentsare【B1】_
随机试题
Owningacatcanreducetheriskofheartattacksandstrokesbymorethana
灌注桩的混凝土强度等级不应低于()。A.C20 B.C25 C.C30
关于协调性子宫收缩乏力的叙述,正确的是( )A.子宫收缩极性倒置 B.产程延
读下图,完成下题。 为减轻图中平原地区的农业灾情,宜采取的主要措施是(
对常规基金产品,按照简易程序注册,注册审查时间原则上不超过()。A.10个工作
变电站宜采用不低于(____)高的实体围墙。1.8m$;$2m$;
从所给的四个选项中,选择最合适的一个填人问号处,使之呈现一定的规律性:
患者,女性,65,发现舌背红色斑块1年,病损时常变换位置,无自觉症状,偶有刺痛。
主诉:男性,28岁,右侧肋胁部反复丘疹、水疱伴疼痛1年,复发1天。 病史:患者
下列关于抗生素的使用原则中哪项是错误的A.选用药源充足的 B.选用价格较便宜的
最新回复
(
0
)