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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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

First Data Acquiring Polish Card Issuer for $325 million

30 March 2007

TJX Says 45.7 million Credit Card Numbers Stolen in Breach

30 March 2007

EPP Selected as a Preferred Payment Solutions Partner for Accelerated Data Systems

29 March 2007

Delinquencies on Credit Cards Flat in Q4; Auto and Home Equity Arrears Rise

29 March 2007

Morgan Stanley Details Plans for Discover Credit Card Spinoff

26 March 2007

Card Companies Crack Down On Restaurants' Data Security

26 March 2007

Commercial Credit Card Spending to Grow to $1.2 trillion by 2010

23 March 2007

Moody's: Credit Card Delinquencies Rise

22 March 2007

MasterCard Expands PayPass Deployment in Vending Machines

20 March 2007

Taco Bell Tests MasterCard PayPass Contactless Payment Option

15 March 2007

Upstart Credit Card Firm Takes on Visa, MasterCard and the Big Banks

14 March 2007

Democrats Introduce Credit Card Disclosure Bill

14 March 2007

Discover Touts Card that Rewards Monthly Payments

13 March 2007

Apollo Enterprise Solutions Announces Partnership With Card Acquisition, LLC

12 March 2007

Senate Comes Down on Credit Card Issuers' Practices

8 March 2007

Consumer Credit Up 3.2% in January; Credit Card Spending Slows

8 March 2007

CEO of Chase Card Services to Apologize to Senate Committee Today

7 March 2007

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