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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Consumer Groups Want Investigation into Credit Card Fees

12 September 2006

Visa Statement On New PCI Procedures

12 September 2006

RE PIC Solutions Conducts Collections HealthCheck for Middle East Company

12 September 2006

JP Morgan CEO Says Credit Card Losses to Grow

12 September 2006

Citigroup Completes Final Phase of Acquisition of Federated Department Stores Credit Card Portfolio

12 September 2006

Study Tracks Student Use of Credit Cards

12 September 2006

Consumer Spending Trends of Banked and Unbanked Cardholders Released

12 September 2006

Merchants Say Visa/MasterCard Rate Setting Violates Antitrust Laws

12 September 2006

MasterCard Announces Annual Meeting Results; Stockholders Approve All Proposals and Elect Board of Directors

12 September 2006

PIC Solutions Exhibits at MasterCard?s International Fraud Conference

12 September 2006

Discover Financial Services and First Data Sign Merchant Processing Agreement

12 September 2006

Bank of America Renews Three Major Affinity Card Relationships

12 September 2006

Microsoft to Boost Commercial Customer Financing

12 September 2006

Asta Funding Announces New $175 Million Credit Facility

12 September 2006

MasterCard Announces Integration of all Authorization Transactions on a Single, Global Platform

12 September 2006

Consumer Groups Blast Fed Credit Card Report

12 September 2006

Pipeline Data Acquires Valadata, Inc.

12 September 2006

Platinum Funding Group Receives Additional Funding from JPMorgan Chase and N M Rothschild & Sons

12 September 2006

TSYS Expands Global Reach With Purchase of Card Tech Limited

12 September 2006

Fitch Refines U.S. Credit Card ABS Criteria

12 September 2006

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