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
19
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/3415107.html
相关试题推荐
Universitystudyissometimescomparedtomountainclimbing.Writeacomposition
Students’pressuresometimescomesfromtheirparents.Mostparentsarewell
Students’pressuresometimescomesfromtheirparents.Mostparentsarewell
Students’pressuresometimescomesfromtheirparents.Mostparentsarewell
Students’pressuresometimescomesfromtheirparents.Mostparentsarewell
[originaltext]Today,millionsofpeoplerunintheUnitedStates.Manymore
[originaltext]Today,millionsofpeoplerunintheUnitedStates.Manymore
[originaltext]InBritainandothercountries,youngpeoplesometimestakea
[originaltext]InBritainandothercountries,youngpeoplesometimestakea
Millionsofteenagersareindangerofputtingtheirhealthatriskbygetti
随机试题
Whydoestheauthorsaythatparentsarethetruefightersinthecollege-admiss
Ifyouweretostoppeopleinthestreetandaskthemtonameashipthatha
Nolivingthingcouldsurviveataventexcepttubeworms.[br]Thescientistsn
【S1】[br]【S5】F空格处需要填入形容词修饰routine。routine的后置定语(madeupof...)对本空所填词有很大提示作用:form
宋代被誉为“得山之骨”,“与山传神”的画家是()。A.李成 B.范宽 C.
在工程实践中,焊接工艺评定的标准应根据产品、施工项目性质和行业的不同,按照设计文
在一次看图书的活动中,我让孩子们自己选择书本然后静静地坐到桌椅前看,看到不明白的
自我意识包括() A.自我认知B.自我体验C.自我调节D.自我控制
男性,40岁,患肝硬化腹水1年余,1周前呕血伴黑便,近2天烦躁不安,定向力差,
背景资料 某吹填工程,吹填区面积为2.5km2、吹填工程量为2000万m3,
最新回复
(
0
)