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
29
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/sjY7777K
0
大学英语四级
相关试题推荐
A、Shecanprobablydothejob.B、Shehasheardabouttheletter.C、Shehaswrittenmanyletters.D、Sheknowswhothetranslator
Somepeoplesaythetraditionalcalendarof180daysnolongermeetstheneedsofAmericansociety.Theypointoutthatstudents
Somepeoplesaythetraditionalcalendarof180daysnolongermeetstheneedsofAmericansociety.Theypointoutthatstudents
CreativeBookReportIdeasA)Areyouatalossforcreativebookreportideasforyourstudents?Ifyes,thenthisarticlewill
A、Itcancausenodamagesatall.B、Itcancausedamagestothecomputersystems.C、Itcancopyyourfilesincomputers.D、Itca
WriteacompositionentitledWhatdoStudentsNeedEnglishFor?Youshouldwriteatleast120wordsbutnomorethan180linesa
WriteacompositionentitledTheDamageofPublicFacilities.Youshouldwriteatleast120wordsbutnomorethan180wordsacc
Chinesedon’tgestureverymuchandregardalotofgesturesasexcessive.Winkingandwhistlingareconsideredrude.Eyecontac
Crimeisincreasingworldwide.Thereiseveryreasontobelievethe【B1】_____willcontinuethroughthenextfewdecades.Crimera
I’vebeenwritingformostofmylife.ThebookWritingWithoutTeachersintroducedmetoonedistinctionandonepracticethat
随机试题
不属于市场营销工作内容中产品定价工作的是()
一艘拖带驳船的拖轮与一艘货轮在我国领海相撞,由于事故发生时海上大雾弥漫,事故原因无法查明,对此事故的处理应为:()
某施工单位承接了_一座公路隧道的土建及交通工程施工项目,该隧道为单洞双向行驶的两车道浅埋隧道,设计净高5m,净宽12m,总长1600m,穿越的岩层主要由页岩和砂岩组成,裂隙发育,设计采用新奥法施工、分部开挖和复合式衬砌。进场后,项目部与所有施工人员签订了安
下列施工进度控制措施中,属于管理措施的是()。
会计电算化方式下处理流程与手工方式没有区别。()
实物财产的盘点报告表可以作为记账和登记账簿的原始凭证。()
下列表示力矩单位牛顿米的符号,()是错误的。
有三个关系R、S和T如下:由关系R和S通过运算得到关系T,则所使用的运算为
Thepaintisstillwet.______!
What’stheprobablerelationshipbetweenthesetwospeakers?
最新回复
(
0
)