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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S.Korea Gov't to Review 2003 Credit Card Unit Deal

8 December 2006

Analyst Says MasterCard Stock Price Too High

8 December 2006

Dutch Bank to Ease Climate Guilt with Credit Card

8 December 2006

Barclaycard Signs Major Processing Contract with First Data International

8 December 2006

Wal-Mart to Launch Credit Card in China

8 December 2006

Bank of America Readying for Global Credit Card Expansion

8 December 2006

MasterCard Sets First Quarterly Dividend at $0.09/share

8 December 2006

Credit-Card Users Hurt at Gas Pump May Sap Retail Sales

8 December 2006

MasterCard Announces Annual Meeting Results; Stockholders Approve All Proposals and Elect Board of Directors

18 October 2006

First Data to Process Online Foreign Currency Payments for Chase Paymentech Solutions

17 October 2006

Consumer Credit Increased 2.8% in July; Credit Card Debt Growth Slows

12 September 2006

MasterCard Unveils New Card for Elite Affluent Consumers and Businesses

12 September 2006

Chase Notifying 2.6 million Circuit City Card Holders About Improperly Discarded Data Tapes

12 September 2006

Court Rules that Credit Cards Get Money Before Churches and Charities Per Bankruptcy Reform Law

12 September 2006

Talgentra to Provide ABN AMRO with Specialist System to Improve Collections of Non-Performing Consumer Mortgages, Loans, Credit Cards and Overdrafts

12 September 2006

Mastercard to Disclose Interchange Rates and Cap Fuel Purchase Fees

12 September 2006

PIC Solutions Presents at Credit Reporting in Africa Conference

12 September 2006

Pier 1 Sells Credit Card Business to Chase for $155 million

12 September 2006

PNC Bank to Drop MBNA as Card Issuer; Will Issue Own Card

12 September 2006

PIC Solutions to Exhibit at Visa International Russia & CIS Conference

12 September 2006

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