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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2 New Rules in Massachusetts Add to Requirements for Default Judgment

19 July 2018

FDCPA Caselaw Review for June 2018

12 July 2018

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

5 March 2018

CFPB Credit Card Market Report Addresses Collections and Recovery

2 January 2018

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

19 October 2017

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

25 September 2017

This First-Party Thing is Heating Up

20 September 2017

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

13 September 2017

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

12 September 2017

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

5 June 2017

TransUnion Finds Struggling Consumers Pay Off Unsecured Personal Loans First

17 May 2017

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

30 March 2017

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

29 March 2017

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

25 January 2017

Massachusetts Proposes New Rules for Collection Litigation on Credit Card Debt

15 December 2016

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

12 December 2016

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

21 November 2016

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

8 September 2016

Industry Gets Favorable Ruling in Debt Collection Envelope Case

18 August 2016

District Court Rules in Favor of Bank in Mandatory Arbitration Case

16 August 2016