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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TSYS Expands Global Reach With Purchase of Card Tech Limited

12 September 2006

Vegas "Credit Card" Business Makes Fat Money from Fine Print

12 September 2006

Fitch Refines U.S. Credit Card ABS Criteria

12 September 2006

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

12 September 2006

Asta's CEO Talks About Rising Delinquencies in Interview

12 September 2006

Credit Card Company Pays $11 Million Settlement

12 September 2006

EU says MasterCard May Have Broken Antitrust Rules

12 September 2006

Fed Casts Doubt on Link between Credit Card Debt and Bankruptcy

12 September 2006

Credit Card Industry Cracking down on Payment Security

12 September 2006

NY Passes Law Banning Universal Defaults on Credit Cards

12 September 2006

Wal-Mart advances Chinese Credit Card Plans

12 September 2006

Security Breaches Reported at Visa and Equifax

12 September 2006

New Book Claims First Data Opened Credit-Card Records to U.S. Agents After Sept. 11

12 September 2006

Florida Store Installs State's First Biometric Payment System

12 September 2006

GE Consumer in talks to sell S.Korea unit to Hyundai

12 September 2006

UK Watchdog Says Still Probing MasterCard Fees

12 September 2006

Markets Expect June Interest Rate Increase; Expecting Fed to Raise in August as Well

12 September 2006

Lawmakers Mull Freezing Consumer Credit Freezes

12 September 2006

Credit Spending, Auto Loans Up in April

12 September 2006

GE Teams With PayPal, EBay on Card

12 September 2006

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