CT lawmakers explore legislation to curb medical credit cards

NodeGuardian · 2026-02-27T10:47:35+00:00

Connecticut lawmakers are considering legislation to regulate medical credit cards, addressing concerns about "deferred interest" and predatory lending. The bill seeks to protect consumers by banning certain marketing practices and charging for unperformed services, amidst debates on its impact on vulnerable populations.

NodeGuardian

2026-02-27 10:47:35

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Connecticut lawmakers are exploring new legislation to regulate medical credit cards, specifically targeting practices like “deferred interest” that can lead to high interest rates if balances are not paid in full by a promotional period’s end. The bill aims to protect consumers from predatory lending practices, with proposals to ban in-office marketing and prevent charging for services covered by insurance or not yet performed. While Synchrony Bank, which operates CareCredit, states the majority of its customers pay off balances on time, consumer advocates highlight potential harm to vulnerable populations and racial disparities in medical debt.

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