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When your bank gets the fire insurance money
Manage episode 481176945 series 2517990
A PSA for those whose homes burnt in the LA-area wildfires earlier this year: If the insurance company writes a check, it comes with two names on it — the property owner's and the bank's. But the bank may keep interest earned on that insurance payout. Now, a California assemblyman is trying to change that. We'll check in. Also: China lowers interest rates, and fewer international students come to the States for higher education.
469 episodes
Manage episode 481176945 series 2517990
A PSA for those whose homes burnt in the LA-area wildfires earlier this year: If the insurance company writes a check, it comes with two names on it — the property owner's and the bank's. But the bank may keep interest earned on that insurance payout. Now, a California assemblyman is trying to change that. We'll check in. Also: China lowers interest rates, and fewer international students come to the States for higher education.
469 episodes
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