U.S. President Donald Trump said on April 23 that his administration will look into banks’ handling of payments and debts in the aftermath of the 2025 Los Angeles wildfires.
Two Los Angeles-area communities were devastated by wildfires in January 2025. The California Department of Forestry and Fire Protection reported that the Palisades fire caused 12 deaths, destroyed 6,845 structures, and damaged 975 more. The nearby Eaton fire, which ignited in Altadena on Jan. 7, 2025, claimed 19 lives. Combined, the fires have claimed 31 lives and destroyed more than 16,000 structures.
