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
57
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
CorporateAmbitions:Amazon,theWorld’sMostRemarkableFirm,IsJustGettingStartedA)Amazonisanextraordinarycompany.Th
CorporateAmbitions:Amazon,theWorld’sMostRemarkableFirm,IsJustGettingStartedA)Amazonisanextraordinarycompany.Th
CorporateAmbitions:Amazon,theWorld’sMostRemarkableFirm,IsJustGettingStartedA)Amazonisanextraordinarycompany.Th
Couldthereasonfortheworld’seconomicmisfortunesallcomedowntofingerlength?Althoughcertainlyanoversimplificationo
Likeaneedleclimbingupabathroomscale,thenumberkeepsrising.In1991,15%ofAmericanswereobese(肥胖的);by1999,thatp
A、Coldandwet.B、Fairlypleasant.C、Surprisinglyhot.D、Ofgreatvariety.D细节题。ofgreatvariety是awiderange的同义表达,故D正确。
随机试题
根据公路工程陆上作业安全技术要求,对机械车辆在危险地段作业时的要求错误的是()。
现代意义上的政党最早出现于()
操吴戈兮被犀甲。被:
项目经理部应在确定施工方案的初期就要确定需要分包的工程范围,决定分包范围的因素主要有()。
古代诗词复习课上,教师引导学生总结诗词的修辞手法。下列与“无边落木萧萧下,不尽长江滚滚来”所用修辞手法相同的是()。
读图(地球公转示意图),回答下列各题。地球运行到A点时,正值“二分二至”中的___________日,日期在___________月___________日前后。
根据以下资料,回答111-115题2007年1-6月,农村居民8类消费性支出中,第三高的是:
欧洲主权债务危机爆发之后,由于欧洲债务问题不断蔓延,而且变成了一个长期的问题,欧洲联合中存在的统一货币政策与分散财政政策的内在矛盾也难以在短期内解决,市场上出现了看空欧元的情绪,有人甚至认为欧元将在未来不长时间内发生分裂和崩溃。然而我们应当看到,联合已经成
设X1,X2,…,Xn,…相互独立,则X1,X2,…,Xn,…满足辛钦大数定律的条件是().
Tasteissuchasubjectivematterthatwedon’tusuallyconductpreferencetestsforfood.Themostyoucansayaboutanyone’sp
最新回复
(
0
)