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
2024-01-26
27
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/3396780.html
相关试题推荐
Readingleadershipliterature,you’dsometimesthinkthateveryonehasthep
[originaltext]Millionsofwordshavebeenwrittenaboutyoungpeopleinthe
[originaltext]Millionsofwordshavebeenwrittenaboutyoungpeopleinthe
[originaltext]InBritainandothercountries,youngpeoplesometimestakea
[originaltext]InBritainandothercountries,youngpeoplesometimestakea
[originaltext]InBritainandothercountries,youngpeoplesometimestakea
[originaltext]InBritainandothercountries,youngpeoplesometimestakea
[originaltext]InBritainandothercountries,youngpeoplesometimestakea
[originaltext]InBritainandothercountries,youngpeoplesometimestakea
[originaltext]InBritainandothercountries,youngpeoplesometimestakea
随机试题
辍学dropout
Primaryschoolteachers’poor【C1】______ofEnglishandmathsisundermin
物料在高真空和低温条件下干燥的是A.沸腾干燥 B.真空干燥 C.冷冻干燥
下列关于无差异曲线的说法,错误的是()。A:无差异曲线是指具有相同效用水平的组合
1.青岛港许振超三十年如一日,练就一手绝活,一年内两次刷新世界集装箱装卸记录,创
做一套衣服,上衣用布2.4米,裤子用布是上衣的2/5,做这套制服大约用布多少米:
1995-134.带脉病证的症状有 A.腹部胀满B.冲心痛C.气逆而里急
(2020年真题)某企业因供应商收回了信用政策,导致资金支付需求增加,需要补充持
工程项目建设过程中,发包人要求承包人提供的担保通常有()A、施工投标保证 B、
男性,46岁,因头晕、发热、下肢淤斑一个月入院,体查:中度贫血貌,双下肢有散在淤
最新回复
(
0
)