WASHINGTON – Lawmakers are calling for immediate action to pass long-stalled data-security legislation in the face of last week’s news of a massive data breach at cards processor Global Payments Inc. (see story).

A data breach at a card processor may have affected more than 10 million Visa and MasterCard accounts, security expert Brian Krebs reported March 30 on his blog.

The Federal Trade Commission put a robocall operation out of the telemarketing business under a settlement resolving charges that the operation made more than two billion calls pitching a variety of products and services, including worthless extended auto warranties and credit card interest rate-reduction programs.

Credit card issuers' account charge-off rates, already exceptionally low, remain on track to hit bottom later this year.

This is the second in a series on JPMorgan Chase's delinquent credit card collections operation. The first article can be viewed here. Further coverage will follow.

While credit card debt increased slightly in February to $6,105, the number is still down 15% year-over-year, according to CreditKarma.com's U.S. Credit Score Climate Report released Wednesday.

JPMorgan Chase & Co. took procedural shortcuts and used faulty account records in suing tens of thousands of delinquent credit card borrowers for at least two years, current and former employees say.

The tide continues to shift in favor of the payments industry in the United Kingdom’s battle against card fraud.

Consumer credit jumped $17.8 billion to $2.51 trillion in January, according to the Federal Reserve's G.19 report on consumer credit released Wednesday. Analysts in a Reuters poll expected a $10 billion increase.

Credit card portfolio premiums are on the rise as demand begins to increase with improving economic conditions.

Target Corp.’s credit card portfolio may be gaining appeal to potential buyers the longer it remains off the auction block in one very specific respect: credit performance.

Americans across the country continue to slash away at their credit card debt, but a return to card borrowing may be around the corner.

Bank of America customers in upstate New York were issued new debit and credit cards after a third-party breach possibly compromised their information.

Bankcard charge-offs rates are still riding near their lowest levels ever, but the wind is shifting slightly for private-label retail credit cards.

For a product claiming to protect consumers from unforeseen misfortunes, banks' credit card payment-protection plans have made plenty of enemies. A federal probe could give those opponents the upper hand for the first time.

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.

The credit card industry is inching closer to settling yet another challenge to its controversial interchange system, though the ultimate price banks and networks will have to pay to appease merchants is not yet clear.

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.

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

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.