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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Bank of America Receives Federal Reserve Approval for MBNA Merger

12 September 2006

JP Morgan Sets $2.35 bln Credit Card ABS

12 September 2006

Fed Seen Raising U.S. Rates, May Signal Change Ahead

12 September 2006

NetBank Introduces Revolving Lines of Credit for Small Businesses

12 September 2006

First Data Prepaid Services' Survey Profiles Canadian Gift Card Market

12 September 2006

First Data Names Card Issuing Unit Chief

12 September 2006

Four Credit Unions Choose TNB Card Services for Credit Card Processing

12 September 2006

Email Marketing Communications From Credit Card Issuers to Their Customers Should Be Improved - Report

12 September 2006

Bankruptcy Law Backfires on Credit Card Issuers

12 September 2006

Subprime Bankcard Growth on the Rise, Reports TransUnion

12 September 2006

Counterfeit Credit Card Ring Busted

12 September 2006

More Americans Plan to Use Less Credit Card Debt When Buying Holiday Gifts

12 September 2006

Goldman to Buy 42 pct of Sanyo Credit for $275 mln

12 September 2006

Conflicting Reports on the ATM Industry

12 September 2006

U.S. Consumer Credit Slides $7.20 billion in October

12 September 2006

HSBC Wants 1 million China Credit Card Users in 2006

12 September 2006

Discover Financial Marks Milestone in China Deal

12 September 2006

E*TRADE FINANCIAL Launches New Credit Program Aimed at Airline Mileage Junkies

12 September 2006

45 Million Americans Would Use their Credit or Debit Cards for Purchases of Less than Five Dollars

12 September 2006

MasterCard Supports Micro and Small Payments by Promoting Transaction Aggregation Model for Merchants

12 September 2006

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