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
Costly—sometimes abusive—credit cards are bleeding millions of borrowers who didn’t know what they were getting into. The bo
Costly—sometimes abusive—credit cards are bleeding millions of borrowers who didn’t know what they were getting into. The bo
admin
2017-11-17
61
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.
The bottom-feeding cards are issued to people who _____.
选项
A、has a low income
B、expects a low interest rate
C、has a bad reputation in repayment
D、is thoughtless when using credit cards
答案
C
解析
第2段第1句破折号后的damaged credit意为“信用受损”,持信用卡的人因为不能及时还款就会导致信用度下降,即damaged credit,由此可见,C是对damaged credit正确的解释,为本题答案。
转载请注明原文地址:https://kaotiyun.com/show/QGa7777K
0
大学英语四级
相关试题推荐
TeachersandparentsnormallycallattentiontothepictureswhentheyreadstorybookstopreschoolchildrenButastudysuggest
TeachersandparentsnormallycallattentiontothepictureswhentheyreadstorybookstopreschoolchildrenButastudysuggest
A、Itissignedbythestategovernment.B、Itcouldraisemoneyfromparents.C、Ithasbeendrawnuptoprotectchildren.D、Itco
BigisBackA)Corporategiantswereonthedefensivefordecades.Nowtheyhavetheadvantageagain.In1996,inoneofhis
Pub-talkA)Pub-talk,themostpopularactivityinallpubs,isanativedialectwithitsowndistinctivegrammar.Thereare
Pub-talkA)Pub-talk,themostpopularactivityinallpubs,isanativedialectwithitsowndistinctivegrammar.Thereare
AstrologyA)Astrologyisthestudyofhowthesun,themoon,planets,andstarsaresupposedlyrelatedtolifeandeventso
Anewanalysisoffederalmoneythatpublicschoolsreceiveforlow-incomestudentsshowsthatarecordnumberofthenation’ss
Anewanalysisoffederalmoneythatpublicschoolsreceiveforlow-incomestudentsshowsthatarecordnumberofthenation’ss
A、Shefelldownandbumpedherhead.B、Shegotaseriousdiseaserelatedtoherstomach.C、Sheisbeingtreatedforbloodcloti
随机试题
能够用于激光光动力疗法的药物是()
A.吗啡中毒B.急性酒精中毒C.急性有机磷农药中毒D.糖尿病酮症酸中毒E.脑桥出血意识障碍伴呼吸深大可见于
根据胸部X线片,属于0期结节病的是根据胸部X线片,属于Ⅲ期结节病的是
CD2分子(白细胞功能相关抗原2)主要表达如下细胞表面
某再生障碍性贫血患者作CFU-GM培养,其集落数分别是:患者骨髓培养明显减少,患者与正常人骨髓混合培养正常,患者血清与正常人骨髓混合后培养也正常,则其发病机制是
甲氧苄啶的作用机制为
A.补肾壮骨,填阴温阳B.补肺益肾,活血祛瘀C.健脾益气,补肺固表D.理气益肺,止咳化痰E.扶正固表,调和营卫反复呼吸道感染营卫失和,邪毒留恋证的治法是()
从价计征的房产税,是以房产原值为计税依据。()
下列各项中,属于企业长期借款合同一般性保护条款的有()。2015(卷Ⅰ)、(卷Ⅱ)
录制了一段时长为1分钟的WAVE格式音频数据,在保存该音频文件时部分信息如下图所示。如果将该文件转换成MP3格式,压缩比为8:1,则压缩后的存储空间大约为()。
最新回复
(
0
)