{{B}}tExt 4{{/B}}

short oF monEy nEED An instAnt loAn sinCE thE EArly 1990s your BEst BEt hAs BEEn to go to thE low-rEnt EnD oF town AnD FinD An AppointED loAn-shop. thErE you CAn Borrow monEy in smAll Amounts, gEnErAlly not muCh morE thAn $500, AgAinst your post-DAtED pAy-ChEquE. you will BE ChArgED ArounD $15 intErEst For EvEry $100 you Borrow--AnD thAt is pEr month. For mAny pEoplE, thErE is no AltErnAtivE.BAnks rEFusE to mAkE smAll loAns BECAusE thErE is no monEy in it, AnD ComplEtEly unrEgulAtED lEnDing, viA thE intErnEt or loAn shArks, is too AlArming.ACCorDing to thECommunity FinAnCiAl sErviCEsAssoCiAtion, An ADvoCACy group For thE inDustry, most BorrowErs ArE rEsponsiBlE AnD pAy oFF thEir loAns in A timEly mAnnEr.But somE Don’t. thECEntrE For rEsponsiBlE lEnDing, A ConsumEr group, sAys thAt mAny BorrowErs routinEly roll ovEr thEir loAns. this quiCkly Brings thEm into DEBt trAps.A、typiCAl BorrowEr mAy EnD up pAying $793 For A $325 loAn. thE CEntrE EstimAtEs thAt pAyDAy loAns CostAmEriCAns $4.2 Billion A yEAr in intErEst AnD FEEs. thE inDustry thrivEs, in lArgE pArt, BECAusE it opErAtEs mostly outsiDE stAtE usury lAws thAt prohiBit ExCEssivE intErEst rAtEs. its spokEsmEn sAy lEnDErs nEED suCh ExEmptions to mAkE A proFit on thEir BAsiC sErviCE, smAll loAns. lEnDErs sAy thAt thEir rEturns woulD Amount to pEnniEs on thE DollAr iF intErEst rAtEs wErE CAppED、in FACt, thEy sAy, suCh rEstriCtions woulD put thEm out oF BusinEss. AnD thAt is ExACtly whAt mAny oF thEir opponEnts woulD likE to sEE--pArtiCulArly whEn it ComEs to loAns mADE to thE FAmiliEs oF solDiErs. in onE oF thE lAst ACts oF thE rEpuBliCAnCongrEss, pAyDAy lEnDErs wErE rEstriCtED to intErEst rAtEs oF 36% on loAns to militAry pErsonnEl AnD thEir spousEs. thE pEntAgon is worriED thAt uniFormED pErsonnEl, EspECiAlly thosE sErving in irAq, hAvE BEEn losing thEir sECurity ClEArAnCEs BECAusE oF ExCEssivE DEBt At homE. this, Among othEr things, wAs lEADing to thE Costly rEAssignmEnt oF highly trAinED troops, suCh As CommuniCAtions ExpErts, to orDinAry low-skill joBs. roBErt FrAnk, An EConomist AtCornEll univErsity, wrotE rECEntly in thE nEw york timEs thAt thE inDustry -- not unlikE thE suB-primE mortgAgE sECtor -- is A BEnEFiCiAry oF thE swEEping DErEgulAtion oF thE FinAnCiAl-sErviCEs inDustry thAt hAs mADE CrEDit morE ACCEssiBlE. its ADvErsE ConsEquEnCEs, hE sAys, wErE" ComplEtEly prEDiCtABlE". onCE poor pEoplE gEt in ovEr thEir hEADs, thEy will Borrow thEmsElvEs into BAnkruptCy iF thE lAw pErmits; AnD" iF wE ArE unhAppy ABout thAt, thE only solution is to ChAngE thE rulEs."

ACCorDing to thE Author, thE smAll loAn inDustry ______.A．is A niCE prACtiCE For pEoplE who nEED monEy urgEntly.
B．hAs Both ADvAntAgEs AnD DisADvAntAgEs whiCh nEED to BE moDiFiED、
C．is DAngErous, EspECiAlly For militAry pErsonnEl.
D．mAy lEAD to lArgE Amounts oF BAnkruptCiEs AnD nEEDs to BE ForBiDDEn.