[单项选择]In 1880, Sir Joshua Waddilove, a Victorian philanthropist, founded Provident Financial to provide affordable loans to working-class families in and around Bradford, in northern England. This month his company, now one of Britain’s leading providers of "home credit"— small, short-term, unsecured loans—began the nationwide rollout of Vanquis, a credit card aimed at people that mainstream lenders shun. The card offers up to ￡ 200 ($ 380) of credit, at a price: for the riskiest customers, the annual interest rate will be 69%.
Provident says that the typical interest rate is closer to 50% and that it charges no fees for late payments or breaching credit limits. Still, that is triple the rate on regular credit cards and far above the 30% charged by store cards. And the Vanquis card is being launched just when Britain’s politicians and media are full of worry about soaring consumer debt. Last month, a man took his own life after running up debts of ￡ 130000 on 22 different credit cards.<
A. the failure of credit card providers is caused by the bursting of technology bubble.
B. the politicians and the media play a negative part in promoting credit industry.
C. higher national interest rate increases sub-prime lenders’ risks of not being repaid.
D. credit industry has a better chance of development when the economy slows down.