Credit Card Debt News

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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TransUnion Report Reveals Current Consumer Credit Trends, Including 20.3 Million More Accounts

5 March 2018
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CFPB Credit Card Market Report Addresses Collections and Recovery

2 January 2018
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Could CFPB’s Data Sharing Principles Make Debt Collection Better Too?

19 October 2017
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Judge Awards Attorney Fees to FDCPA Defendant in Case of 'Vexatious' Plaintiff's Counsel

25 September 2017
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This First-Party Thing is Heating Up

20 September 2017
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CFPB Report Highlights Debt Collection Issues; Collectors AND Creditors Should Take Note

13 September 2017
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9th Circuit Opinion Highlights Right to Cure Provision in California’s Rosenthal FDCPA

12 September 2017
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Collection Letter That Failed to State Interest or Fees No Longer Accruing Does Not Violate FDCPA

5 June 2017
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TransUnion Finds Struggling Consumers Pay Off Unsecured Personal Loans First

17 May 2017
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Appeals Court Affirms Ruling Against Debt Buyer for Misleading Out-of-Stat Collection Letter

30 March 2017
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Court Rules Debt Buyer’s Small Claims Court Judgment Waived Right to Arbitration in Class Action Suit

29 March 2017
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7th Cir. Holds Judgment Against Bankruptcy Debtor’s Husband Did Not Violate Co-Debtor Stay

25 January 2017
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Massachusetts Proposes New Rules for Collection Litigation on Credit Card Debt

15 December 2016
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Court Holds That Interest Reference in Dunning Letter is Not FDCPA Violation

12 December 2016
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Is The Tide Turning for ARM Companies Focused on Financial Services?

21 November 2016
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U.S. District Court Judge Dismisses Collection Litigation Suit Against Bank of America

8 September 2016
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Industry Gets Favorable Ruling in Debt Collection Envelope Case

18 August 2016
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District Court Rules in Favor of Bank in Mandatory Arbitration Case

16 August 2016
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Consent Order Compliance: Navigating The CFPB’s Unofficial “Rules” Governing Debt Collection

19 May 2016

Bank of America Hit With Class Action Over Debt Collection Litigation on Securitized Accounts

17 March 2016

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