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
36
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/rFp7777K
0
大学英语四级
相关试题推荐
A、Businessleadership.B、Globalbusinesscommunity.C、EconomicprospectsinChina.D、Businessopportunities.D信息明示题。由Aneconomic
Gesturesaren’ttheonlyareainwhichtheunwarytravelercangettrippedup.Foreignculturesadheretodifferentbusinesscus
Themassmediaisabigpartofourculture,yetitcanalsobeahelper,adviserandteachertoouryounggeneration.Themass
A、EnteringtheUnitedStateslegally.B、FreezingUSfinancialassetsabroad.C、Receivingsupportfromothercountries.D、Giving
Cuttingtoxiclevelsofcityairpollutiontosaferlevelsissimple,butnoteasy—itrequiresresolve.Yet,despitethekeycul
Thereisnomorefashionablesolutiontothecurrentglobalrecessionthan"greenjobs."Manycountriesarealleagerlypromotin
Thereisnomorefashionablesolutiontothecurrentglobalrecessionthan"greenjobs."Manycountriesarealleagerlypromotin
Couldthereasonfortheworld’seconomicmisfortunesallcomedowntofingerlength?Althoughcertainlyanoversimplificationo
Likeaneedleclimbingupabathroomscale,thenumberkeepsrising.In1991,15%ofAmericanswereobese(肥胖的);by1999,thatp
随机试题
A.肥达试验B.抗O试验C.结核菌素试验D.锡克试验E.神奈川试验风湿热的辅助诊断试验是()
蜗杆传动机构的装配顺序应根据具体情况而定,一般应先装()。
医疗机构内被传染病病原体污染的场所、物品患甲类传染病、炭疽死亡的,应将尸体
纯浆液性腺泡的大唾液腺小唾液腺,纯粘液腺
女性的肺癌大多是食管癌大多是
(2001年考试真题)下列各科目的余额,期末应结转到“本年利润”科目的有()。
精神病人陈某发病上街打砸,严重危害他人人身安全,公安民警可以对其()。
2014年规模以上电子信息制造业实现利税总额:
某乡镇民政办公室主任万某利用其掌握的乡镇户籍低保资格复核权,收受申请人好处费,被上级机关撤销主任一职。万某受到的法律制裁属于()
Inhiscompositiontherewere___________________________(除了少许拼写错误以外没有其他错误).
最新回复
(
0
)