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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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
Circuit Court Rules Against ARM Firm in Allowable Interest FDCPA Case
28 October 2014
President Signs Executive Order on Identity Theft; Endorses Chip and PIN for Cards
20 October 2014
Share of Debt Types of Youngest and Oldest Consumers Changed Dramatically in Last Decade
8 October 2014
Consumer Delinquencies Fall Nearly Across the Board in Second Quarter
7 October 2014
Credit Card Use Mirrors Broader Economy in First Quarter
30 September 2014
New Rules for Debt Collection Suits Finalized in New York Courts
17 September 2014
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