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/