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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Joseph Saunders Named Executive Chairman of Visa's Board

12 February 2007

WaMu Names Anthony Vuoto President of its Credit Card Business

12 February 2007

Asta Funding to Buy $6.9 billion Debt Portfolio

12 February 2007

MasterCard Earnings Soar, Beat Expectations

9 February 2007

Consumer Credit and Card Debt Growth Slow in December

8 February 2007

Survey: Visa and MasterCard Should Disclose Hidden Interchange Fees

7 February 2007

Credit Card Chargeoffs to Head Higher

6 February 2007

Card Acquisition, LLC Sells Minority Stake to Raise Capital

5 February 2007

TransUnion?s TrueCredit.com Tracks Americans? Credit Habits

31 January 2007

PIC Solutions Joins the ATM Industry Association

30 January 2007

EU Probe Seeks Antitrust Action on Credit Card Fees

30 January 2007

TNB Balance Transfer Promotion Nets $2.2 million

29 January 2007

Small Business Confidence Rebounds in January; Healthcare Costs Weigh

29 January 2007

Credit Card Stocks Mixed After Hearing

29 January 2007

First Data and INICIS Form Alliance for Processing in Korea

26 January 2007

Merchants Applaud Congressional Hearings on Credit Card Industry

26 January 2007

First Data Acquires Size Technologies

25 January 2007

Senate Committee to Start Examining Credit Card Industry

24 January 2007

Joint FBI-Mountie Investigation Busts Credit Card Telemarketing Scam

23 January 2007

TNB Purchased 21 Credit Union Card Portfolios in 2006

22 January 2007

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