Under fire for credit card use, president of Urban League of Portland Marcus …
News from OregonLive.com:

Marcus Mundy at a PGE Diversity Summit in 2007.

Marcus Mundy, president and CEO of the Urban League of Portland, stepped down Friday amid growing concerns that he improperly used the nonprofit’s credit card.

The 53-year-old immediately left the $ 91,000-a-year job he’s held since 2006. He did not return calls for comment Friday.

“Marcus is 100 percent committed to the Urban League and the mission … ” said Charles Wilhoite, the league’s treasurer. “He told us he did not want to be a distraction or detraction.”

Board member Quentin Strode will serve as interim president as the league immediately starts searching fo…………… continues on OregonLive.com

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Man Wanted For Attempted Credit Card Fraud
News from Patch.com:

A man who allegedly tried to use a fraudulent credit card at stores in Murrieta and Temecula is being sought by police.

The first alleged incident occurred at 12:49 p.m. Sept. 25 at Walmart, 41200 Murrieta Hot Springs Road, Murrieta, according to a flier posted on the Murrieta Police Department website.

“[The] suspect had a forged credit card containing the victim’s bank account information, and attempted to purchase computer equipment. The transaction was denied,” said Murrieta police Detective Spencer Parker.

Then at 3:55 p.m. Oct. 2, the same suspect allegedly entered Super Target at 27818 Clinton Keith Road, Murrieta, and again tried to purchase electronic items with the victim’s bank account information, Parker said. The transaction was denied.

He then also allegedly attempted to use the fraudulent credit card at Temecula Motorsports in Murrieta and Little Caesar’s and Target in Temecula, Parker said.

The suspect was described as a Hispa…………… continues on Patch.com

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Study Shows Consumers Adding Credit Card Debt at Alarming Rate
News from Technorati:

Author: Odysseas Papadimitriou
Published: December 09, 2011 at 10:47 am

While U.S. consumers paid down over $ 32 billion in credit card debt during the first quarter of 2011, this net decrease has already been completely nullified, according to the recently released Q3 Credit Card Debt Study from Card Hub.  After garnering $ 18 billion in new debt during Q2 2011, the third quarter of the year saw consumers add $ 16 billion more to their unpaid credit card balances. Since this marks the first time in at least the last three years that a first-quarter pay down was wiped out before the fourth quarter began, and recent history shows that fourth-quarter debt increases tend to be larger than thei…………… continues on Technorati

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Consumer Confidential: GOP block, Amazon discount, credit card debt
News from Los Angeles Times:

Here’s your thick-as-a-brick Thursday roundup of consumer news from around the Web:

–As expected, Senate Republicans have blocked a vote on whether to approve President Obama’s pick to run the new Consumer Financial Protection Bureau. GOP lawmakers say they have nothing against former Ohio Atty. Gen. Richard Cordray. They just don’t like the agency, which is intended to keep an eye on credit card issuers, mortgage lenders and others with a track record for — how shall we put it? — not always acting in consumers’ best interest. Republicans want to water down the agency’s leadership structure, and they say they won’t approve anyone to run t…………… continues on Los Angeles Times

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Fighting Fire with Fire: Charging Your Way Out of Credit Card Debt

This plan was designed to Jump Start you into action, so that you can regain control of your out-of-pocket cash flow, structure the charges and payments you make to your credit cards, and get out from under that terrific debt burden. I certainly hope you follow the plan closely, so that it can do just that. But once you get into the swing of it and monitor your steady progress each month, I’m sure that you will devise ways to get it going even faster You’ll notice that I didn’t bug you about drastically cutting down your overall spending. I realize that you might not have been ready to make the sacrifice. But any cutting back you do in your overall spending will certainly be for your own benefit now and in the future. Again, the choice is always yours. As I stated earlier, the other authors were certainly on to something So at some point, perhaps when my Jump Start Plan has helped you to feel like you’ve gotten your head above water, you may want to look closer and explore many of the great ideas they have. Wishing you all the very best of luck Your friend, Bob Donnelly
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