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
50
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] What do consumers never expect, according to the passage?
选项
A、The higher rates now can affect balances in the past.
B、Lenders can figure out so many ways to extract fees.
C、They can borrow from the banks easily.
D、They have to pay both fees and interest
答案
A
解析
第5段第1句表明消费者对于第4段提到的银行的做法是始料未及的,答案要从第4段寻找。A是第4段最后一句提到的一种收取费用的方法,为本题答案。本题B干扰性极强,但从第5段第1句中的定语从句看,可知消费者不是因为借贷者能想出如此多的收费方法而感到震惊,而是因为这些方法居然不算违法而感到震惊。
转载请注明原文地址:https://tihaiku.com/zcyy/3415105.html
相关试题推荐
Students’pressuresometimescomesfromtheirparents.Mostparentsarewell
Students’pressuresometimescomesfromtheirparents.Mostparentsarewell
Students’pressuresometimescomesfromtheirparents.Mostparentsarewell
Students’pressuresometimescomesfromtheirparents.Mostparentsarewell
Students’pressuresometimescomesfromtheirparents.Mostparentsarewell
[originaltext]Today,millionsofpeoplerunintheUnitedStates.Manymore
[originaltext]InBritainandothercountries,youngpeoplesometimestakea
[originaltext]InBritainandothercountries,youngpeoplesometimestakea
[originaltext]InBritainandothercountries,youngpeoplesometimestakea
Millionsofteenagersareindangerofputtingtheirhealthatriskbygetti
随机试题
INSINUATE:INTRODUCE::A、assert:stateB、infiltrate:enterC、foray:encroach
Working-classfamiliesintheUnitedStatesareusuallynuclear,andmanyst
Asurveywascarriedoutonchildren’sattitudestoviolenceontelevision,____
TheScienceofInterruptionsIn2000,Gl
()是国家最高行政机关国务院制定的有关国家行政管理的规范性法律文件的总称。A.宪
甲上市公司2016年1月1日持有乙公司30%的股权,对乙公司有重大影响,采用权益
男性,37岁。小腿部感染形成局部脓肿后又出现弛张热,需做血培养,最佳抽血时间为A
变电站基建工程设备厂内验收中的关键点见证主要内容包括审查供应商的生产体系及运行情
关于烧结砖,下列说法错误的是()。A:环境污染大B:施工款率低C:劳动强度大
2020年2月5日,王某开办单体药店,将甲医院工作的张某作为企业负责人申办《药品
最新回复
(
0
)