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
13
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] According to the author, what Citi and JPMorgan Chase did showed that they were _____.
选项
A、reflective
B、irresponsible
C、insincere
D、compromising
答案
C
解析
最后一段第3句表明Citi和JPMorgan Chase所做的都只是摆摆姿态,并非出自真心诚意,因此,本题应选C。
转载请注明原文地址:https://tihaiku.com/zcyy/2798316.html
相关试题推荐
TheLibraryofCongressisAmerica’snationallibrary.Ithasmillionsofbo
TheLibraryofCongressisAmerica’snationallibrary.Ithasmillionsofbo
TheLibraryofCongressisAmerica’snationallibrary.Ithasmillionsofbo
TheLibraryofCongressisAmerica’snationallibrary.Ithasmillionsofbo
TheLibraryofCongressisAmerica’snationallibrary.Ithasmillionsofbo
TheLibraryofCongressisAmerica’snationallibrary.Ithasmillionsofbo
[originaltext]W:SometimesIreallyhaveagoodmindtogiveupmyjob.Ifeel
[originaltext]W:SometimesIreallyhaveagoodmindtogiveupmyjob.Ifeel
信用卡(creditcard)在1985年引入中国。此后,信用卡的发卡量以惊人的速度增长,到2011年达到了2.85亿张。信用卡给消费者带来诸多好处。
[originaltext]Iamnotonlyapainter,butastudentofart.Sometimes,[20]
随机试题
Unlikedownturnspast,Europeannationshavekeptunemploymentfigureslowre
Afteramealinarestaurant,youaskthewaiterforthe______.A、billB、noteC、r
[originaltext]Whenpeopleencountersomeonewithastrongpersonality,they
下面是某同学解方程的过程:求方程x(x-l)=x。解:x(x-1)=x,两边同时
艰难梭菌属于A.需氧菌B.兼性厌氧菌C.微需氧菌D.专性厌氧菌E.耐氧菌
共用题干 第二篇Ceremonialbathing(仪式性的沐浴)hase
抗炎活性较强且水钠潴留作用很小的糖皮质激素是A:地塞米松 B:泼尼松 C:氢
某群桩基础的平面,本桩基设计等级为乙级。剖面和地基土层分布情况如图所示。地质情况
张三欠李四10万元,李四向法院申请支付令,法院经审查后依法向张三发出了支付令。就
根据外汇管理法律制度的规定,下列主体中,负责合格境内机构投资者境外投资额度、账户
最新回复
(
0
)