What the change means for consumers

President Donald Trump has picked Kevin Warsh to succeed Jerome Powell as chair of the Federal Reserve. In keeping with the president’s push for lower interest rates, Warsh is expected to be more supportive of cutting the Fed’s key benchmark rate later this year. “I have known Kevin for a long period of time, and have no doubt…

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Use up your credit card points now, expert says

If enacted, President Donald Trump’s proposal for a temporary 10% cap on credit card interest rates could change many policies for borrowers. Among them: how issuers decide to value credit card points. If you’ve accumulated any significant amount of credit card points, you should probably spend them now — but not because of the potential…

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