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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Court Rules Debt Buyer’s Small Claims Court Judgment Waived Right to Arbitration in Class Action Suit
29 March 2017
7th Cir. Holds Judgment Against Bankruptcy Debtor’s Husband Did Not Violate Co-Debtor Stay
25 January 2017
Massachusetts Proposes New Rules for Collection Litigation on Credit Card Debt
15 December 2016
Court Holds That Interest Reference in Dunning Letter is Not FDCPA Violation
12 December 2016
Is The Tide Turning for ARM Companies Focused on Financial Services?
21 November 2016
U.S. District Court Judge Dismisses Collection Litigation Suit Against Bank of America
8 September 2016
Industry Gets Favorable Ruling in Debt Collection Envelope Case
18 August 2016
District Court Rules in Favor of Bank in Mandatory Arbitration Case
16 August 2016
Consent Order Compliance: Navigating The CFPB’s Unofficial “Rules” Governing Debt Collection
19 May 2016
Bank of America Hit With Class Action Over Debt Collection Litigation on Securitized Accounts
17 March 2016
CFPB Fines Citibank and Two Law Firms over Debt Sales and Debt Collection Practices
24 February 2016
Class Certification Rejected in Alleged FDCPA/RICO Suit Against Sherman Financial Group
26 January 2016
California Reaches $100M Settlement with JP Morgan Chase Regarding Debt Collection Practices
3 November 2015
The Plaintiffs' Lawyer Protection Bureau
9 October 2015
No Surprises At CFPB's Arbitration Field Hearing
8 October 2015
7th Cir. Confirms FDCPA Is Not Enforcement Mechanism for Matters Governed by Other Federal or State Laws
1 October 2015
New Academic Paper Urges CFPB to Carefully Consider Impact of Potential New Debt Collection Regulations
30 September 2015
DBA International Commends George Mason University for Report on the Law and Economics of Consumer Debt Collection and its Regulation
30 September 2015
Does the ARM Industry REALLY Need another Conference?
8 September 2015
Eleventh Circuit Court Cites “Plain Language” of the FDCPA, Rules in Favor of Capital One in Debt Collection Case
27 August 2015