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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Department Stores National Bank To Pay $23.8M For Charging Fees on Collection Accounts
21 July 2015
CFPB's First Monthly Complaints Report Could Use More Context
16 July 2015
JPMorgan Chase to Pay $125M to Settle Debt Collection Investigations
8 July 2015
Bank of America Fined $30 Million by OCC, Related to SCRA and Debt Collection Litigation
1 June 2015
TD Bank to Buy Nordstrom $2.2 Billion U.S. Credit Card Portfolio
27 May 2015
CFPB Finalizes Rule Aimed at Improving Credit Card Agreement Submission Process
16 April 2015
Assessing the Consumer Credit Market with an Eye to ARM
25 March 2015
CFPB Seeks Input on Credit Card Market, Including Collection and Debt Sales Practices
18 March 2015
CFPB Study Finds that Arbitration Agreements Limit Relief for Consumers
10 March 2015
Judge Approves Third Largest TCPA Settlement Ever with Credit Card Issuer
9 March 2015
Legal Symposium with New York Regulators Clarifies New Debt Collection Rules in the State
27 February 2015
CFPB Orders Subprime Credit Card Company to Refund $2.7 million to Consumers
5 February 2015
CFPB Takes Action to Shut Down Sham Credit Card
4 February 2015
Consumer Debt Delinquencies Continued Broad Decline in Third Quarter
8 January 2015
Credit Card Markets Rebound as U.S. Economy Improves
19 December 2014
CFPB Sues Texas Company for Sham Credit Card
18 December 2014
CFPB Updates Developments Under New College Credit Card Marketing Rules
16 December 2014
CFPB Announces Research Pilot on Consumer Saving; American Express to Assist
15 December 2014
Developments in 1099-C Case Against BofA Should be Closely Watched by ARM Firms
8 December 2014
CFPB Proposes Strong New Federal Protections for Prepaid Financial Products
13 November 2014