California Wildfires’ Economic Toll, India’s ATM Fee Hike, and U.S. Student Loan Collections Resume

In today's episode, we delve into the devastating economic impact of the January 2025 wildfires in Southern California, with losses reaching up to $275 billion. We also explore the Reserve Bank of India's decision to increase ATM withdrawal charges, affecting millions of account holders. Additionally, we discuss the U.S. Department of Education's resumption of collections on defaulted federal student loans, ending a five-year pause. Join us for these stories and more on Simply News Radio.

Sources:
https://www.ainvest.com/news/burning-financial-risks-wildfires-igniting-utility-sector-uncertainty-2505/
https://spectrumnews1.com/ca/southern-california/inside-the-issues/2025/04/30/economic-impact-of-la-fires-still-coming-into-focus-
https://pmc.ncbi.nlm.nih.gov/articles/PMC12040033/
https://spectrumnoticias.com/ny/nyc/inside-the-issues/2025/04/30/economic-impact-of-la-fires-still-coming-into-focus-
https://www.artemis.bm/news/bermuda-reinsurers-pay-california-wildfires-claims-ils/
https://economictimes.com/wealth/save/from-atm-fees-to-fd-rates-key-financial-changes-effective-may-1-2025/articleshow/120787364.cms
https://www.ndtv.com/india-news/atm-cash-withdrawals-to-cost-more-from-today-check-new-charges-8300485
https://economictimes.com/wealth/save/atm-charges-to-increase-from-may-1-rbis-new-atm-transaction-rules-take-effect-from-tomorrow-check-free-limits-and-fees/articleshow/120764315.cms
https://www.hindustantimes.com/business/new-atm-rules-from-may-1-transaction-charges-to-increase-after-free-limit-101746004234559.html
https://cleartax.in/s/atm-withdrawal-charges
https://www.wxyz.com/news/voices/collections-for-defaulted-student-loans-will-restart-may-5-what-you-need-to-know
https://time.com/7281995/student-loan-borrowers-involuntary-collections-expert-advice/
https://www.instagram.com/reel/DJMt9ZNxkko/
https://www.wusf.org/education/2025-05-01/student-loan-collections-resume-how-did-we-get-here-what-next
https://mappingyourfuture.org/department-of-education-to-resume-collection-of-defaulted-student-loans/