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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Credit Card Debt Surges in May After Falling in April

9 July 2008

Proposed FASB Accounting Changes Aimed at Credit Card Issuers

8 July 2008

Credit Card Delinquencies Drop As Charge-Offs Continue to Rise

7 July 2008

Discover Financial to Open Office in China

7 July 2008

Leadership Guru Steve Farber to Keynote TNB Card Services? 2008 Payment Conference

3 July 2008

Charge Offs Look to Keep Rising for Card Issuers

2 July 2008

Card Delinquencies Rise to 4.51% in 1Q: Bank Group

2 July 2008

Discover Completes Diners Club Purchase

1 July 2008

A Dearth of Buyers for GE?s Store Card Group: WSJ

27 June 2008

TSYS and Canadian Tire Extend Payment Services Agreement

27 June 2008

ABA Cautions Congress Against Basing Student Credit Card Policy on Anecdotes

27 June 2008

Financial Services Creditor Survey Underscores Anxiety about Current Economic Conditions

26 June 2008

Executive Change: Eduardo Vergara Named Global Commercial Card Chief for JPMorgan Unit

26 June 2008

Discover Reports 12 Percent Rise in Profits in Fiscal 2Q

26 June 2008

Credit Card Delinquency Rate Decline Could Prove Short Lived

25 June 2008

MasterCard to Pay American Express $1.8 Billion to Settle Antitrust Suit

25 June 2008

TNB Card Services Adds $4 Million in Card Balances from Credit Union Card Portfolios

24 June 2008

Wachovia Hires Goldman Sachs for Loan Portfolio Advice

24 June 2008

LML Payment Sees Revenues Double

23 June 2008

TSYS Signs Processing Agreement with PartnersFirst

20 June 2008

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