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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House Bill would Block Credit Cards for Illegals

7 March 2007

TNB Purchases $16 Million Card Portfolio

6 March 2007

SunTrust Launches New Visa Consumer Credit Cards

5 March 2007

Chase Card Services Announces New Funding for Financial Literacy Organizations

2 March 2007

Citi Announces Changes to its Credit Card Practices; No More Universal Default

2 March 2007

ShopRite to Accept MasterCard PayPass 'Tap & Go' Payments

1 March 2007

MasterCard Alters Fee Structure

1 March 2007

Wells Fargo Considers Credit Cards for Illegals

28 February 2007

83 Financial Institutions Sell Credit Card Operations to Elan Financial in 2006

27 February 2007

FIFA Blocked from Arbitration Against MasterCard

27 February 2007

More Vending Machines Taking Plastic

23 February 2007

Bank of America Defends Immigrant Credit Card Program

23 February 2007

HSBC to Operate the Gottschalks' Credit Card Business

21 February 2007

EU to Take a Hard Look at Visa Practices Next Year

20 February 2007

MasterCard to Launch Advertising Blitz for Contactless Payments

20 February 2007

Barclays Mulling Sale of Subprime Credit Card Business

20 February 2007

Oregon Company Promotes a Zero-Interest Medical Card

19 February 2007

Study Finds Patients Paying with Credit

16 February 2007

Experian's National Score Index Shows 14 Percent of U.S. Population Has More Than 10 Credit Cards

15 February 2007

Maine Bill Considers Parental Consent for Credit Cards

15 February 2007

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