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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CFPB Report Reveals High Credit Card Costs, Growing Debt, and Digital Shifts led to Consumers’ Revolving Debts in 2022

9 November 2023

CFPB Proposes Significant Changes to Credit Card Late Fee Rules, Including Reduction in Late Fee Safe Harbor Amounts and Elimination of Annual Inflation Adjustments

6 February 2023

CFPB Issues Request for Information on Consumer Credit Card Market

30 January 2023

CFPB Signals Increased Scrutiny of Credit Card Industry Interest Rates

6 September 2022

D.C. City Council Amends Emergency Debt Collection Bill

5 August 2021

CFPB Reports Credit Applications Have Recovered to Pre-Pandemic Levels; Releases Tool to Help Renters And Landlords

2 August 2021

CFPB Taskforce Report (Part 2): The 19 Focus Areas and 102 Recommendations of Volume 2

7 January 2021

CFPB's Latest Report Focuses on Actual Payment Information in Credit Reports

2 December 2020

Credit Eco To Go: A State of the ARM Industry Discussion

21 September 2020

CFPB Study of Consumer Finances Following Early Pandemic is Positive. Will Coming Months Paint a Different Story?

1 September 2020

Whitepaper on Debt Collection Released by the Conference of State Bank Supervisors

13 February 2020

Debt Collection and Modern Communication Channels Discussed in CFPB Credit Card Market Report

28 August 2019

CFPB Report Shows Trends in Rate of Credit Card Inquiries for Consumers with Large Credit Score Fluctuations

4 June 2019

Debt Buyers in N.D. Illinois Beware: Purchase May Not Transfer Right to Collect Post-Charge Off Interest, According to Court

1 April 2019

CFPB Publishes its Fall 2018 Semi-Annual Report: Credit Invisibility, Mortgage Shopping, Consumer Complaints, and a Laundry List of Enforcement Actions

27 February 2019