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BBCNEWS Breakfast June 4, 2024 06:22:00

Debt repayments. people who owe money already, those renting, single parents and the self employed particularly are less likely now to be able to pay it back. and they are seeing new groups such as pensioners and homeowners who did not used to go to the charity with money issues, citizens advice say those going through debt assessment typically have one p left at the end of the month after essential costs are added up. you can see the problem by looking at the use of overdrafts which has increased by 7.1% since august last year with people dipping into the red to pay for everyday costs. estimates there are more than 6.5 million households living in so called fuel poverty where they do not have enough money to keep the home warm without it taking up a huge proportion of income. that number is predicted to climb to 8.5 million by april. it is an impossible situation that can feel stressful and frightening. as i have ....

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Banker of the Year: Ally Financial's Jeffrey Brown

Brown has been with the online lender almost since it was spun off from General Motors, helping it broaden its product offerings and take a stand on overdraft fees. Now he must help Ally confront a looming recession. ....

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Hanmi says new free checking account is a nod to its past

The $7.1 billion-asset bank has established a partnership with the nonprofit HoneyBee that harkens back to its early days serving underbanked Korean business owners in Los Angeles in the early 1980s. ....

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FOXNEWS Fox News at Night June 4, 2024 04:03:00

From has to checks and overdrafts are absolutely unfai in the white house says they will will attempt down on junk fees and believe it will save the american consumer about $1 billion a year. biden veered into the issue of high gas prices it during his remarks and again called on oil companies to reduce their price saying he d make sure they do h is working on it he told the crowd made time on capitol hill there s no mistaking how critic feel about the latest push by the white house to right the ship. were all suffering under hig gas and grocery prices trend upward to heat our homes we kno the reason behind it has it s the policies of this administration. john speaking there biden s remarks, has the latest waiter survey shows his approval ratin has fallen. this time it s down to 39 ....

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FOXNEWS America Reports June 4, 2024 18:03:00

Deplete emergency reserves could be painful in the months to come. let s get to it with jackie heinrich live from the briefing room. the big binder of answers indeed. the polls have shown for months and months that inflation is the biggest challenge for this president and for his party and the white house is signalling they ve been paying attention and trying to make some efforts around the margins to bring down costs for consumers. they re going after american companies like banks credit card companies airlines hotels and cable companies to keep down so-called junk fees including hidden payments an overdrafts. the president says it will save americans about a billion dollars a year. these junk fees in addition that companies charge cost americans 10s of billions of dollars weighing down family budgets making it harder for people to pay their bills so my ....

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