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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E.D.N.Y. Provides Clarity on Identifying Creditor for Store Branded Credit Cards
24 January 2019
New York Fed Report Shows Decline in Collection Accounts... Or Does It?
20 November 2018
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