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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First Horizon National Corp. Sells Merchant Processing Business to NOVA

12 September 2006

Consumer Spending Rises 0.9 pct in December; Incomes Up Only 0.4 pct

12 September 2006

Credit Card Price Fixing Suit Could Cost Industry over $100 billion

12 September 2006

New 'Blink' Credit Card has Critics Concerned

12 September 2006

TrueCredit Survey Reveals '06 Consumer Credit Confidence

12 September 2006

Cross Country Bank Ordered to Repay $9 million to Consumers in Credit Card Case

12 September 2006

Online Resources Wins Collection Technology Excellence Award

12 September 2006

Bono Launches Red Credit Card to help Africa

12 September 2006

Bank of America Profit Unexpectedly Falls on Bankruptcies

12 September 2006

American Express Profit in Line as Cardholder Spending Jumps

12 September 2006

Analysts Expect Big News from First Data on Thursday

12 September 2006

UK Credit Card Lenders Admonished in New Report

12 September 2006

Bank Group Wary of U.S. Retailer Credit Card Suit

12 September 2006

Washington Mutual Earnings Rise on Providian Purchase

12 September 2006

Citigroup Net Up, But Credit Cards Weak

12 September 2006

Experian-Gallup Survey Shows Two in Three Consumers Expect to Reduce Their Credit Card Debt in 2006

12 September 2006

German Retail Group Files Credit Card Fees Complaint

12 September 2006

Capital One Profit Up 44 pct on Fees, Hibernia

12 September 2006

JPMorgan Sees Big Rise in Credit Card Defaults

12 September 2006

American Express and GE Consumer Finance Announce Card Issuing Alliance

12 September 2006

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