GE settles with N.Y. over high-rate healthcare credit card

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GE settles with N.Y. over high-rate healthcare credit card

By Jonathan Stempel (Reuters) - General Electric Co has reached a settlement with New York's attorney general to end a probe into whether consumers were pressured into using a health care credit card carrying a high interest rate. The settlement with GE Capital Retail Bank and its CareCredit LLC unit adds protections for patients, including some who were charged a rate as high as 26.99 percent on their CareCredit cards, the attorney general Eric Schneiderman said. ...

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