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
2024-02-02
51
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/3414582.html
相关试题推荐
Students’pressuresometimescomesfromtheirparents.Mostparentsarewell
Students’pressuresometimescomesfromtheirparents.Mostparentsarewell
Students’pressuresometimescomesfromtheirparents.Mostparentsarewell
Students’pressuresometimescomesfromtheirparents.Mostparentsarewell
[originaltext]Today,millionsofpeoplerunintheUnitedStates.Manymore
[originaltext]Today,millionsofpeoplerunintheUnitedStates.Manymore
[originaltext]Today,millionsofpeoplerunintheUnitedStates.Manymore
[originaltext]InBritainandothercountries,youngpeoplesometimestakea
[originaltext]InBritainandothercountries,youngpeoplesometimestakea
Millionsofteenagersareindangerofputtingtheirhealthatriskbygetti
随机试题
[audioFiles]audio_eusm_j01_260(20099)[/audioFiles]A、Theresultiswhatshehad
【B1】[br]【B19】A、andB、butC、orD、thatD定语从句。这是定语从句,所以只能选D,指“引起发烧的复杂的化学反应”。
Forthispart,youareallowed30minutestowriteashortessayentitledTheDa
HowmanytimeswastheStatueofLibertyclosedafter911?[originaltext]Aft
WhichofthefollowingitalicizedphrasesisINCORRECT?A、HeransofastthatIc
[originaltext]M:EnglishLanguageCenter.HowmayIhelpyou?W:Yes.I’mcalli
6周岁的李强在父母离异后随奶奶生活。两年后,其父母各自再婚。此时,李强的法定监护
确定投资者是否有权领取本期股利的截止日期是:A.宣告日 B.除息日
下列建筑材料中,最有可能产生室内放射性污染的是( )。A.天然石材 B.壁纸
2008年8月8日,甲公司将一辆卡车出租给刘某使用,约定租期为3年。一年前,甲公
最新回复
(
0
)