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
2024-01-31
31
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/3408402.html
相关试题推荐
[originaltext]Proverbs,sometimescalledsayings,areexamplesoffolkwisd
[originaltext]Proverbs,sometimescalledsayings,areexamplesoffolkwisd
Readingleadershipliterature,you’dsometimesthinkthateveryonehasthep
Readingleadershipliterature,you’dsometimesthinkthateveryonehasthep
[originaltext]TheUnitedStates’jobmarkethasmillionsofunfilledjobs.
[originaltext]TheUnitedStates’jobmarkethasmillionsofunfilledjobs.
Researchershaveidentified1.4millionanimalspeciessofar—andmillionsr
Researchershaveidentified1.4millionanimalspeciessofar—andmillionsr
Researchershaveidentified1.4millionanimalspeciessofar—andmillionsr
Researchershaveidentified1.4millionanimalspeciessofar—andmillionsr
随机试题
Whichisthehouseforsale?[br][originaltext]M1:IsthatthehousethatMark
A—AssistantshipB—OnlineenrollmentC—FacultyandStaffD—Gra
[originaltext]W:Mr.Peterson,howdoyoudecidewhatgradeweget?M:Allofy
半纵向调查方法是指A.实际就是追踪性调查方法 B.实际就是横断面调查方法 C
胃蛋白酶用于缺乏胃蛋白酶或病后消化机能减退而引起的消化不良症,现欲配制100ml
港币的主要发钞行是()。 ①香港银行 ②汇丰银行 ③中国银行(香港)
教师成熟的标志是自觉地关注() A.教师 B.生存 C.学生 D.
组织编制市级国土空间总体规划的主体是( )。A.市人大常委会 B.市人民政府
假定,框架的抗震等级为二级,底层角柱截面尺寸及配筋形式如图所示,施工时要求箍筋采
无机结合料稳定基层施工中,对原材料的技术要求正确的有()。A.高速公路和一级公路
最新回复
(
0
)