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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Compliance Acronym Stew: Is Your Collection Agency at Risk? Part II: PCI DSS
10 September 2014
BofA Wins Dramatic Attorney Fee Reduction in TCPA/Debt Collection Call Class Action
9 September 2014
CFPB Warns Credit Card Companies on Marketing Interest Rate Promotions
4 September 2014
Group to Study Uniform State Laws for Debt Buying and ARM Industry
2 September 2014
Study Shows Collection Agencies Recovering More Debt at Lower Pay with Fewer Collectors
5 August 2014
Capital One and Three ARM Firms Agree to $75 million TCPA Settlement
31 July 2014
More than 35 Percent of American Adults are Currently in Collections: Report
29 July 2014
Where are the Collection Opportunities in Coming Years?
17 July 2014
CFPB Sues Debt Collection Law Firm Over Suit Volume, FDCPA Violations
15 July 2014
Credit Card Delinquencies Fall Significantly in First Quarter
10 July 2014
Subprime Credit Card Borrowing on the Rise
1 July 2014
GE Capital/Synchrony Bank to Pay $225 million in CFPB Credit Card Discrimination Action
19 June 2014
Fed Reports Big Spike in Credit Card Use in April
9 June 2014
Third Party Debt Collection Accounts Jump in First Quarter
14 May 2014
Consumer Delinquencies Fall in Most Debt Categories in Fourth Quarter
9 April 2014
Bank of America, CFPB May Reach $800 Million UDAAP Settlement
4 April 2014
Growth in Consumer Credit in 2013 After Years of Decline
31 March 2014
Appellate Court Has Harsh Words for Activist Judge in Debt Collection Case
27 February 2014
Chase Debt Collections Continue to Fall
24 February 2014
Third Party Debt Collection Accounts and Balances Rise in Q4
21 February 2014