Collections & Credit Risk

Credit Card

• Judge Halts Telemarketers Who Sold Bogus Credit Cards

  Collections & Credit Risk | February 3, 2012

  A federal judge has temporarily halted a telemarketing operation that allegedly sold bogus credit cards and took money from consumers' bank accounts without their consent.

• Litigation Charge Takes A Bite Out Of MasterCard's Q4 Profit

  Collections & Credit Risk | February 3, 2012

  The credit card industry is inching closer to settling yet another challenge to its controversial interchange system.

• Recovering Bad Card Debts Feeds Issuers’ Profits

  Collections & Credit Risk | February 2, 2012

  Recoveries against bad loans have become a major source of cash for credit card issuers, and hence an increasingly important factor in the industry’s return to pre-recession loss rates.

• 'Robo' Credit Card Suits A Menace For Issuers

  Collections & Credit Risk | February 1, 2012

  Last year JPMorgan Chase & Co took New York resident Shady Gergis to court over a few thousand dollars in allegedly unpaid credit card debt.

• Aussies Reducing Credit Card Use As They Target Their Debt

  Collections & Credit Risk | January 30, 2012

  In what could be worrying news for card issuers in Australia, new survey data suggest about 32% of the country’s households last year fell behind financially, which affected their credit card use.

• Card Debt Falls Last Year, Credit Scores Too

  Collections & Credit Risk | January 27, 2012

  Despite an end-of-year slowdown, consumers in all 50 states ended the year with less credit card debt than when the year began, according to a report issued by CreditKarma.com.