Credit Card Debt News RSS Feed

A credit card receivable is money owed to a bank or issuer on the outstanding balance in a credit card account. Because the borrower is contractually obligated to pay the balance, the creditor expects this amount to be repaid. If a borrower does not repay the balance, it is often charged off as a loss. Since credit card usage is so widespread, and account balances can soar quite high, credit card receivables form the backbone of many financial services functions, such as asset-backed securities, debt collection, and debt buying.

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Citi Credit Card Hack Larger than Initially Thought

16 June 2011

Citigroup Discloses Hack Attack on Credit Card Accounts

9 June 2011

Credit Card Debt Falls in April; March Also Revised Down

8 June 2011

Credit Card Delinquency Rate at Five-Year Low

6 June 2011

Aeox Acquisitions Ltd. Acquires Canadian MasterCard Portfolio from Wells Fargo

27 May 2011

European Written-off Debt Reaches $437 billion

23 May 2011

Credit Card Delinquencies Fall to Lowest Level in 15 years

23 May 2011

New Bank Credit Card Originations Rise More than 28 Percent

20 May 2011

Pay Attention to Changes in Hierarchy of Debt Payments

19 May 2011

POLL: Does Newt Gingrich Owe You an Explanation of His Debt?

19 May 2011

Credit Card Default Rates Show Uptick in April: S&P/Experian

18 May 2011

Credit Card Companies Want Your Kids. A Lot.

16 May 2011

Credit Card Debt Rises in March

9 May 2011

TransUnion: Consumer Credit Risk Improves at Best Rate Since 2008

6 May 2011

S&P/Experian Credit Default Indices Continue to Show Declining Default Rates

22 April 2011

Target Likely Headed to Class Action Lawsuit Over Debt Collection

21 April 2011

Kohl's, Capital One, and Chase: As if They Never Said Goodbye

12 April 2011

Big Gains in Consumer Credit in February; Credit Cards Still Fall

11 April 2011

Capital One Wins Kohl's Credit Card Business from Chase

11 April 2011

Consumers Continue Paying Credit Cards Before Mortgages

29 March 2011

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