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
2020-01-09
25
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.
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://kaotiyun.com/show/fFp7777K
0
大学英语四级
相关试题推荐
Bilingual(双语的)educationinschoolshaslongbeenapoliticalhotpotato—itwasbannedinCaliforniabya1998ballotmeasure,wh
A、Itsuitshim.B、Itlooksridiculous.C、Itlooksold.D、It’sgettingworse.A信息明示题。女士最后说秃顶并不可怕,有时还可以很吸引人,而自己的丈夫就秃顶,但她认为秃顶很适合她
A、CountriesofAmericaandEurope.B、CountriesintheMiddleEast.C、Jewishcountries.D、India.A信息明示题。短文开头就指出ThecountriesofA
Cuttingtoxiclevelsofcityairpollutiontosaferlevelsissimple,butnoteasy—itrequiresresolve.Yet,despitethekeycul
Intoday’sworld,onlinesocialmediahasbecomemorepowerfulandthemostdestructivethingoverworldwide.Althoughwithtime
CorporateAmbitions:Amazon,theWorld’sMostRemarkableFirm,IsJustGettingStartedA)Amazonisanextraordinarycompany.Th
CorporateAmbitions:Amazon,theWorld’sMostRemarkableFirm,IsJustGettingStartedA)Amazonisanextraordinarycompany.Th
A、LGhasexposednewconceptTVs.B、ThemarketofTVsdecreased.C、TVwillbereplacedbycomputers.D、LGislaggingbehindint
Likeaneedleclimbingupabathroomscale,thenumberkeepsrising.In1991,15%ofAmericanswereobese(肥胖的);by1999,thatp
A、Becausetheyfailtofindtheirfavoritemodels.B、Becausetheyfeeldisappointedatthepoorservice.C、Becausetheyjustcom
随机试题
Howcanthelistenerreachacustomerservicerepresentative?
女性生殖道最常见的良性肿瘤是( )。
关于案件的审理是否公开,下列何种说法是正确的?()。该案一审应当由哪个人民法院审理?()。
风险识别的第一步工作是()。
甲股份有限公司(以下简称“甲公司”)20×4年发生了以下交易事项:(1)2月1日,与其他方签订租赁合同,将本公司一栋原自用现已闲置的办公楼对外出租,年租金为120万元,自当日起租。甲公司该办公楼原价为1000万元,至出租日累计折旧400万元,未计提减值。
许多人很崇尚言论自由,以为言论自由就可以解决思想自由的问题。实际上,言论表达的自由并不必然走向思想自由。假如我们观察网络媒体上的有些表达,就会发现它存在着一种极端化的趋势,严谨的人不一定参与表达和讨论,同时网络媒体上有许多非理性的谩骂和恶意攻击等等。结果虽
①北极快速升温导致北冰洋海冰大量融化②北冰洋海冰覆盖面积快速后退,诱发太平洋携带“腐蚀性”的酸化海水大范围入侵③过去20年,北极升温幅度是全球平均升温幅度的6.7倍④每年夏季,北极的开阔水域超过1000万平方公里,高浓度的二氧
独立思考在学习中是绝对必要的。
Interpersonalcommunicationisyourinteractionwithothers.Talkingtoafriendoncampus,chattingtoa(n)【C1】______friendon
Whenaconsumerfindsthatanitemsheorheboughtisfaultyordoesnotliveuptothemanufacturer’sclaimforit,thefirst
最新回复
(
0
)