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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insideARM Weekly Recap - Week of September 9th, 2024

16 September 2024

Several consumer advocacy groups urge presidential candidates to continue CFPB’s work on “junk fees”

10 September 2024

CFPB Comments on Treasury RFI Regarding Artificial Intelligence in Finance; Also Says Credit Card Delinquencies can be Credited to Loosened Lending Standards

22 August 2024

CFPB Bites of the Month: The CFPB and the Dust of June

18 July 2024

insideARM Weekly Recap – Week of June 3rd, 2024

10 June 2024

CFPB Bites of the Month - May 2024 - CFPB: Light My Way, Virginia May

5 June 2024

Another 12-Year High for Credit Card Charge-offs and Delinquencies Federal Reserve Releases Q1 Data

4 June 2024

insideARM Weekly Recap – Week of May 20th, 2024

28 May 2024

BNPL Accounts = Credit Cards Says CFPB

22 May 2024

CFPB Bites of the Month - April 2024 - Won't Get Fooled Again, CFPB

8 May 2024

CFPB Publishes Consumer Response Annual Report

18 April 2024

Operational Impacts of the New CFPB Credit Card Late Fee Rule

3 April 2024

CBA “Checks the Math” on Recent CFPB Credit Card Report Finding Large Bank Issuers Charge Higher Interest Rates Than Smaller Issuers

12 March 2024

The War on Fees Intensifies: Presidential Strike Force and Industry’s Legal Counterattack

11 March 2024

CFPB Releases Final Credit Card Late Fee Rule; Slashes Fees to $8

5 March 2024

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