Dental credit card company is ordered to repay consumers

12/18/2013 | PBS · DrBicuspid.com (free registration)

CareCredit, a GE Capital Retail Bank unit, was ordered to refund up to $34.1 million to 1 million-plus customers who signed up for the dental care credit card. An investigation by the Consumer Financial Protection Bureau found that customers thought they were getting an interest-free credit card when in fact interest was deferred and added to the balance if it was not completely paid at the end of the deferral period.

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PBS · DrBicuspid.com (free registration)

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