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 Issuers Banking on Payment Technology

12 September 2006

NFAN Alerts Consumers to Credit Repair Scams

12 September 2006

JP Morgan Chase Restating Cash Flow Reports on Loan Misclassifications

12 September 2006

Washingon Post Advises Consumer to Pay in Full

12 September 2006

MasterCard Reports a Loss for Q2 on Charitable Donation

12 September 2006

Debit Card Use for Back-to-School Spending Doubles, MasterCard Survey Show

12 September 2006

Vengroff Partners with GE Business Credit on Receivables Financing Solution

12 September 2006

Barclays CEO: Too Soon to Call UK Bad Debt Peak

12 September 2006

Chevy Chase Bank Settles Credit Card Suit

12 September 2006

Banks Offer Card Perks Only to Clients

12 September 2006

HSBC Profit Soars, But Bad Debts are Piling Up

12 September 2006

Telemarketers Selling Bogus Credit Card Protection and Healthcare Plans Settle FTC Charges

12 September 2006

Lawsuit Filed Over CardSystems Data Breach

12 September 2006

Senator Reid Victim of Identity Theft

12 September 2006

Credit Card Companies to Pay $336 mln Over Currency Fees

12 September 2006

Wachovia Unveils New Payment Card Strategy

12 September 2006

Bank of America notifying customers about stolen data

12 September 2006

Some Card Issuers Turn Away from Direct-mail Pitches

12 September 2006

UK Delinquencies Drag Down Capital One

12 September 2006

First Data Income Rises 11%; Western Union Business Hit by Immigration Controversy

12 September 2006

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