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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MasterCard Earnings Soar in First Quarter

2 May 2007

Citizens Bank Completes Transition to New Consumer Credit Card Issuer

1 May 2007

Five More Credit Unions to Sell Credit Card Portfolios to TNB

30 April 2007

Banks are Preparing Lawsuits Against TJX Over Credit Card Data Breach

25 April 2007

Bill Would Bar Monthly Limits On Credit Debt Payments

25 April 2007

MasterCard Expanding Vending Machine Credit Card Acceptance

24 April 2007

American Express Reports Record Net Income for Q1

20 April 2007

Retailers Urge State Efforts on $36 billion Credit Card Fees

20 April 2007

State Holds Hearing on Tightening Credit Card Lending Practices

17 April 2007

TNB Card Services Purchases Credit Card Portfolios in Five States

16 April 2007

Leading Consumer Credit Card Web Site Acquired

13 April 2007

Credit Freeze Law to be Passed in State

11 April 2007

MasterCard Board of Directors Approves $500 million Share Repurchase

10 April 2007

Coke Bottler to Convert Vending Machines to Cashless Credit Card Payments

9 April 2007

Consumer Credit Growth Slows in February; Credit Cards Make Gains

9 April 2007

CompuCredit Acquires $970 million UK Credit Card Portfolio

5 April 2007

Wells Fargo Facing Class-Action on Hidden Card Fees

4 April 2007

One of NJ?s Largest Credit Unions Moves Card Processing to TNB Card Services

2 April 2007

KKR to Buy First Data in $29 billion Deal

2 April 2007

Visa Launches National Financial Education Program for College Students

30 March 2007

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