Medical and dental credit cards are being investigated by Andrew Cuomo, New York’s Attorney General, for allegations of predatory lending practices.
His office has received complaints from hundreds of patients who were convinced by their doctor or dentist to sign up for a medical or dental credit card, only to find themselves beset by high interest rates and surcharges.
The Attorney General’s office has issued subpoenas primarily to investigate GE Money’s CareCredit card, but other subpoenas have also been issued for Chase Health Advance, Visa Health Benefits and Citibank Health Card.
Concerns have been raised that it is inappropriate for a dentist (or other medical practitioner) to simultaneously push for dental treatment and for dental financing.
Read more: NY AG investigating health care credit cards
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