Martha C. White writes about consumer credit, debt and retail banking for TIME.com and previously contributed to AOL’s WalletPop.com. She has written about business, finance and the economy for outlets including Slate, the New York Times, MSNBC.com and Fast Company. A native of New Jersey and graduate of Princeton University, White resides in upstate New York.
The move has the potential to benefit everybody with a mortgage, credit card or private student loan. In other words: you.