首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
We usually think of payday lenders, pawn shops(典当行)and other high-cost loan operations as alternative forms of financing for peo
We usually think of payday lenders, pawn shops(典当行)and other high-cost loan operations as alternative forms of financing for peo
admin
2019-09-14
86
问题
We usually think of payday lenders, pawn shops(典当行)and other high-cost loan operations as alternative forms of financing for people who are short of cash. But that’ s merely a false appearance: They couldn’ t operate without billions of dollars in cheap capital from the nation’ s biggest banks.
It starts with some history: Back in the 1980s, the Main Street emergency lenders were fairly small and largely independent businesses. But then they started consolidating, looking for access to capital markets in order to deepen their liquidity and finance expansion. Cash America went public in 1987, and others followed. Banks took notice and started investing in what was becoming a profitable, highly reproducible franchise. The result is that while pawn shops and payday lenders charge high interest rates to borrowers, banks lend them money at standard business rates.
The big high-cost lenders are up front about their dependence on Wall Street credit. " We depend on loans and cash management services from banks to operate our business," said Kansas-based QC Holdings in a 2012 filing. "If banks decide to stop making loans or providing cash management services to us, it could have a material adverse effect on our business, results of operations and financial condition. "
But the banks themselves don’ t talk much about it—even though many of their executives sit on the boards of the companies, they keep rolling in cash. The irony is that some customers are driven to the high-cost loan industry precisely because they can’ t get credit through traditional channels. So the big banks benefit on both ends: They avoid taking on risky borrowers themselves , which preserves their reputations, while indirectly profiting off the exorbitant(过高的)interest the Main Street lenders charge.
Reinvestment Partners, a North Carolina-based non-profit that advocates for the underbanked, put out a report Monday laying out how the system works and just how much money flows through it. "This paper is the kickoff point. Then go and make specific entreaties(恳求)to various banks, to find out why you think you’ re doing this, if you intend to keep doing this," says research director Adam Rust, who thinks bank sought to divest(放弃)high-cost lenders entirely.
But high-cost lenders are entirely legal, and banks are disinclined to take their money out of circulation for debatable points of morality. So if that fails, Rust says he’ 11 ask the banks’ regulator, the Office of the Comptroller of the Currency to ban the practice of financing high-cost loans. That’s a tall order too, given that cutting small lenders off from the capital markets would effectively put them out of business altogether—which a regulator would think really carefully before doing.
What do banks’ regulators consider before prohibiting banks from financing lenders?
选项
A、Banks may suffer serious economic losses.
B、These lenders will register a protest with the government.
C、It will cut off these lenders’ fund and make them close.
D、It will cause economic recession of the whole country.
答案
C
解析
根据题干中的关键词regulators,consider,prohibiting,financing lenders,将本题定位于最后一段。最后一段说,如果禁止银行融资高成本贷款,将小型贷款机构从资本市场移除的话,将会使它们完全倒闭。可见,这就是监管者考虑的事情。故答案为C(这样做会切断这些贷款机构的资金,使它们完全倒闭)。A项(银行可能会遭受严重的经济损失),文中说监管者之所以慎重考虑,是因为害怕贷款机构完全倒闭,而没有提到对银行的影响,故排除;B、D选项,原文没有提及,故排除。
转载请注明原文地址:https://kaotiyun.com/show/7xW7777K
0
大学英语六级
相关试题推荐
FiveMythsaboutCollegeDebt[A]Thetrillion-dollarstudentdebtburdenhascausedmanydebatesaboutthevalueofcollege.So
Oncetheydecidedtohavechildren,MiShelandCarlMeissnertackledthenextbigissue:Shouldtheytrytohaveagirl?Itwas
Manycountrieshaveaholidaytocelebrateworkers’rightsonoraroundMay1,butLabourDayinCanadaiscelebratedonthefir
ConradHiltonreallywantedtobeabanker.Instead,hesuccessfullychangedthe【C1】______purchaseofaTexaslow-endhotelint
TheMysteryoftheNazcaLines[A]IfyouvisitthePeruviancoastaldesertfromnorthtosouth,youwillnotethatsporadically
Forthispart,youareallowed30minutestowriteanessayonrelationshipbetweentechnologyandenvironment.Youressayshoul
中国是发展中国家中的大国,其工业化正在快速发展。随着经济水平的提高,环境问题也变得日益严峻,因此环境保护被国家视为一项基本国策。近年来,国家采取了很多措施来加强环境治理,如建立了世界著名的生态工程“三北防护林工程”(theThree-North
Peoplecannowavoidhavingtosortthroughalbumsfromseveraldifferentfriendswhentryingtoreliveparties,weddingsandot
A、Poverty.B、Diseases.C、Brokenmarriage.D、Failure.D录音开头,说话人开门见山地指出自己在大学生时代最害怕的不是贫穷而是失败,放D正确。
A、8-18.B、10-11.C、14-24.D、8-10.C选项都是数值范围,听音时注意抓听数字信息。PaulKelley提到,缺乏睡眠是英国社会的普遍问题,但14至24岁这一年龄层的孩子最缺乏睡眠,故选C。A“8-18岁”是PaulKell
随机试题
男,35岁。弯腰活动后腰、臀部疼痛,腰部活动受限,左小腿麻木,经卧床休息半月症状略有缓解。查体:腰部压痛,左外踝及足外侧痛觉减退,左侧踝反射减退,左下肢直腿抬高试验(±)。最可能的诊断是
下述哪种传染病易引起急性胰腺炎
阿托品中毒一氧化碳中毒
胸胁肋间饱满,咳唾引痛此属()
有关双气囊三腔管的护理,正确的是
按照五级分类方式,不良个人住房贷款包括()。
中国共产党第八次全国人民代表大会的主要内容是()。
论述电影的美学概念。
若关键字是非负整数,快速排序、归并排序、堆排序和基数排序中(54)最快。若要求辅助空间为O(1),应选(55)。
Corporationsasagroupofferavarietyofjobs.Mostlargecompaniessendpeopletocollegestointerviewgraduatingstudentsw
最新回复
(
0
)