GE CareCredit Is Probed by Cuomo on Health-Care Card
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New York Attorney General Andrew Cuomo unveiled an investigation of CareCredit, a division of General Electric Co.’s GE consumer finance unit, saying users of its health-care credit card were misled about terms.
Cuomo issued subpoenas to the GE unit and 10 health-care service providers as part of a probe of what he called predatory lending involving the card, he said. Some providers pressure consumers into using the card and are rewarded with “kickbacks” in the form of rebates, the attorney general said.