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
2024-01-29
5
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/3404737.html
相关试题推荐
TipsforThoseWhoTravelAloneA)Whenitcomestotraveling,sometimes
TipsforThoseWhoTravelAloneA)Whenitcomestotraveling,sometimes
TipsforThoseWhoTravelAloneA)Whenitcomestotraveling,sometimes
TipsforThoseWhoTravelAloneA)Whenitcomestotraveling,sometimes
TipsforThoseWhoTravelAloneA)Whenitcomestotraveling,sometimes
[originaltext]Iamnotonlyapainter,butastudentofart.Sometimes,Id
[originaltext]Iamnotonlyapainter,butastudentofart.Sometimes,Id
[originaltext]MalawiisoneofthepoorestnationsinAfricawithmillions
[originaltext]MalawiisoneofthepoorestnationsinAfricawithmillions
[originaltext]Mostpeoplefeellonelysometimes,butitusuallyonlylasts
随机试题
[originaltext]Host:Hello!Ladiesandgentlemen.Itgivesmegreatplea
[originaltext](13)Scientistswhostudytheearthtellusthatthecontinents
四十岁,初产妇,GP,一次自然流产史。现停经20周,已有胎动1周,血压100/6
在C++语言中,不合法的实型数据的是()A.0.123 B.123e3
杠杆收购的关键是( )。A.发行股票 B.举债 C.套期保值 D.基金
免疫放射测定(IRMA)与RIA的区别中,哪项论述不正确A.IRMA为非竞争结合
()是指投保人或被保险人对投保标的所具有的法律上承认的利益,反映的是投保人或被
根据下面的文字资料回答86~90题 2003年,武汉市农村居民8大类消费支出
关于居住区规划的表述中,正确的有()。A.公共绿地至少应有一个边与相应级别的
以募集设立方式设立股份有限公司的,发起人认购的股份不得少于公司股份总数的(),但
最新回复
(
0
)