Chicago gov’t slashes credit card use

Posted by administrator | 16/09/11 | Tagged Credit Card

Chicago gov’t slashes credit card use
News from UPI.com:

Published: Sept. 16, 2011 at 12:00 PM

CHICAGO, Sept. 16 (UPI) — Chicago Mayor Rahm Emanuel said the number of credit cards used by city employees has been slashed from more than 500 to just eight.

Emanuel said city agencies have exceeded his expectations in cracking down on credit card abuses.

“Upon taking office we learned that lax credit card and reimbursement policies with little to no accountability allowed some city employees to treat a city credit card as their personal expense accounts,” Emanuel said Thursday in a statement.

Emanuel said three agencies have been able to abandon credit card use entirely. Also, expanded polices developed by agencies, such as the Chicago Parks District and Chicago Housing Authority, regulate everything from previously undefined expenditures to reimbursement policies for advisory board mem…………… continues on UPI.com

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5 face charges in burglary, use of stolen credit cards
News from The News Journal:

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5 face charges in burglary, use of stolen credit cards

Three people have been arrested and two more are wanted in a predawn burglary this week in Sussex East, a Lewes-area development, police said Thursday.

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…………… continues on The News Journal
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Chicago gov’t slashes credit card use

Posted by administrator | 16/09/11 | Tagged Credit Card

Chicago gov’t slashes credit card use
News from UPI.com:

Published: Sept. 16, 2011 at 12:00 PM

CHICAGO, Sept. 16 (UPI) — Chicago Mayor Rahm Emanuel said the number of credit cards used by city employees has been slashed from more than 500 to just eight.

Emanuel said city agencies have exceeded his expectations in cracking down on credit card abuses.

“Upon taking office we learned that lax credit card and reimbursement policies with little to no accountability allowed some city employees to treat a city credit card as their personal expense accounts,” Emanuel said Thursday in a statement.

Emanuel said three agencies have been able to abandon credit card use entirely. Also, expanded polices developed by agencies, such as the Chicago Parks District and Chicago Housing Authority, regulate everything from previously undefined expenditures to reimbursement policies for advisory board mem…………… continues on UPI.com

… Read the full article
.

Related News:

5 face charges in burglary, use of stolen credit cards
News from The News Journal:

Email this article

5 face charges in burglary, use of stolen credit cards

Three people have been arrested and two more are wanted in a predawn burglary this week in Sussex East, a Lewes-area development, police said Thursday.

A link to this page will be included in your message

…………… continues on The News Journal
… Read the full article


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Credit Card Debt Falls 20 Percent In San Fran

Posted by administrator | 16/09/11 | Tagged Credit Card Debt

Credit Card Debt Falls 20 Percent In San Fran
News from San Francisco Chronicle:

Average credit card debt has decreased by 20 percent in San Francisco from July 2010 to July 2011, the San Francisco Business Times reports. This is below the national average, which fell to $ 6,355 in July 2011, an 18 percent decrease from the previous year.

Credit card debt fell 19.5 percent in California alone over the past year, with credit scores averaging 684. In San Francisco, the average credit score is 702, well above the national average of 666.

It seems that San Francisco is in better financial standing than many southern California cities, including Los Angeles. According to Forbes, the average Angelino household owes 16.81% of its total income in credit card debt. This ranks them amongst the worst cities in the country in that respect.

However, home mortgage debt in San Francisco is well above both the national and state averages of $ 173,232 and $ 316,662 respectively, averaging $ 403,058. This is, no doubt, due to the high demand to live…………… continues on San Francisco Chronicle
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Missourians’ credit card debt drops by 21 percent
News from Bizjournals.com:

Missouri slashed its credit card debt by 21 percent in August compared with the same month last year, according to CreditKarma.com.

The data, part of the U.S. Credit Score Climate Report for August 2011, also showed the average consumer in St. Louis in August had $ 36,712 in student loan debt compared to $ 29,985 nationally. Credit card debt in the state averaged $ 5,783 compared to $ 6,285 nationally.

Home and auto loans for the state were also below the national average. Home mortgage loans in the state averaged $ 140,762 compared to $ 174,742 nationally. Auto loans averaged $ 13,567 compared to a national average of $ 15,275.

At the national level, the report found credit card debt decreased 18 percent year-over-year to an average of $ 6,285. In addition, consumers in 19 states paid down their debt.

Missouri‚Äôs credit score tied with the national average with a score of 665. The states with the highest average credit scores include California (683), New Jersey (…………… continues on Bizjournals.com
… Read the full article


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