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Wells Fargo, Synchrony Bank draw US senators’ concerns about medical credit cards

( January 3, 2023, 17:05 GMT | Official Statement) -- MLex Summary: Democratic US Senators Elizabeth Warren and Edward Markey led a group of five senators who sent letters to Synchrony Bank and Wells Fargo raising concerns about the potential harm posed by their medical credit cards on patients. The senators sought information about the prevalence of the cards, which can only be used to cover health-related costs at particular hospitals or providers, and the impact the cards were having on patients. The US Consumer Financial Protection Bureau and several state attorneys general found about a decade ago that medical credit card companies were misleading card holders....

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