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
2016-09-21
47
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 word "deregulate"(Line 2, Para. 5)can best be replaced by _____.
选项
A、impose rules on
B、lift the control on
C、rule against
D、specify
答案
B
解析
第5段中除了第2句有deregulate这个词外,第3句有这个词的名词形式deregulation,第3句的Priorto fee deregulation和第4句的Now表明现在的信用卡利率与过去相比高很多,而最后一句开头的It’sout of control表明现在的信用卡利率“已经失控”了,由此可见,在Prior to fee deregulation时,信用卡利率是由政府控制的,故推断deregulate意为“解除(规定、控制)”。
转载请注明原文地址:https://kaotiyun.com/show/ojY7777K
0
大学英语四级
相关试题推荐
A、Sheisn’thavingmuchtrouble.B、Sheunderstoodthereadingyesterday.C、Sheunderstandsverylittle.D、Sheisgoodatintensi
CreativeBookReportIdeasA)Areyouatalossforcreativebookreportideasforyourstudents?Ifyes,thenthisarticlewill
EndangeredPeoplesA)Today,itisnotdistance,butculturethatseparatesthepeoplesoftheworld.Thecentralquestionofour
WriteacompositionentitledTheIntensifiedPostgraduateEntranceExamination.Youshouldwriteatleast120wordsbutnomore
Chinesepeoplehavetheirownculturewhenitcomestogivinguniquebabygiftsorrelatives’gifts.Whenitisanew-bornbaby,
Becarefulwhatyousayaroundyourdog.Itmightunderstandmorethanyouthink.AbordercollienamedRicorecognizesthename
A、Shehaspackeditinoneofherbags.B、Sheisgoingtogetitattheairport.C、Shehasprobablyleftitinataxi.D、Sheis
Crimeisincreasingworldwide.Thereiseveryreasontobelievethe【B1】_____willcontinuethroughthenextfewdecades.Crimera
Crimeisincreasingworldwide.Thereiseveryreasontobelievethe【B1】_____willcontinuethroughthenextfewdecades.Crimera
Crimeisincreasingworldwide.Thereiseveryreasontobelievethe【B1】_____willcontinuethroughthenextfewdecades.Crimera
随机试题
关系模型允许定义3类数据约束,下列不属于数据约束的是()。
胃火上炎,灼伤龈络可致肾虚或胃阴不足可致
男,20岁,头昏乏力,发热,全身疼痛,皮肤紫癜已半月余。查体:贫血貌,体温38℃,心肺无异常,胸骨压痛,肝肋下1.5cm,脾肋下1.0cm。末梢血象:Hb60g/L,WBC2×109/L,plt20×109/L。则该患者最可能是( )
甲乙是多年夫妻,后因性格不合而长期分居。在此期间,甲与丙共同生活,丙在甲生病住院时悉心照顾。甲感动莫名,遂立下遗嘱,将平生积蓄80万元赠与丙。甲死后,乙丙二人对该80万元的归属产生争议。根据社会主义法治理念及相关民法基本原则、民法规则,下来哪项说法是正确的
图B3—12所示为楼板下吊顶所设保温层的构造做法,保温层的选用重点应注意:[2012—079]
扇形理论是()于1939年提出的。
不属于监理单位行使的权利是( )。
歌曲《大海啊,故乡》的曲作者是当代作曲家()。
建设社会主义文化强国的出发点和落脚点是()。
TheEconomistIntelligenceUnit(EIU)earnestlyattemptstomeasurewhichcountrywillprovidethebestopportunitiesforahealth
最新回复
(
0
)