Day: September 8, 2020

Should you take out a personal loan for a home improvement project?

Tackling a home improvement project can be costly but, with competitive rates and terms, a personal loan can give you a house to come home to. (iStock)

Home improvement projects can make a house a home. By updating a bathroom or kitchen, replacing windows, or changing the flooring in the living room, you are putting your signature touch on your home and adding value. 

But these improvements can also come with a high price tag, making it difficult for the average person to pay cash for upgrades to their homes. There are many reasons to take out a personal loan, but this is one of the most popular — and can really come in handy.

What is a personal loan?

A personal loan is financed by a financial institution — a bank, credit union, or online lender and can be used for renovations, repairs, and additions to your home.

Read More

Where are all of the jobs? These sectors hired the most workers in August

The U.S. economy created 1.4 million jobs in August, powered in part by the tens of thousands of workers — many temporary — hired by the federal government, the Labor Department said Friday.

The payroll report showed the jobless rate tumbled unexpectedly to 8.4%, down from 10.2% in June, as employers continued to call back workers who had seen their jobs vanish as a result of the coronavirus pandemic.

“We are still moving in the right direction and the pace of the jobs recovery seems to have picked up, but it still looks like it will take a while – and likely a vaccine – before we get back close to where we were at the beginning of this year,” said Tony Bedikian, head of global markets at Citizens Bank.

NEARLY HALF OF US JOBS LOST TO CORONAVIRUS COULD BE GONE PERMANENTLY, POLL FINDS

Government hiring helped boost the figure

Read More

Farm Bureau Property & Casualty Insurance Company Proposes to Acquire Public Minority Stake in FBL Financial Group for $47.00 Per Share in Cash

Farm Bureau Property & Casualty Insurance Company (FBPCIC) announced today that it has proposed to acquire all of the outstanding shares of Class A common stock and Class B common stock of FBL Financial Group, Inc. (NYSE: FFG) that are not currently owned by it or the Iowa Farm Bureau Federation (IFBF) at a purchase price of $47.00 per share in cash.

The $47.00 per share price represents a 26.2% premium over the last closing price of FFG’s Class A common stock, a 25.6% premium to the stock’s 30-day average price, and a 29.3% premium to the stock’s 60-day average price. The price offered values FFG at an approximately 1.06x multiple of FFG’s book value per share, excluding accumulated other comprehensive income as of June 30, 2020. Based on the proposed price of $47.00 per share of Class A common stock and Class B common stock and the number of

Read More

Chase Bank marks some Oregon unemployment checks as fraud

The employment department said Chase is freezing or closing accounts of people who received unemployment because of an algorithm flagging the checks as fraud.

PORTLAND, Ore. — More people receiving unemployment money from the Oregon Employment Department (OED) have contacted KGW Investigates with complaints they can’t access money in their Chase Bank accounts.

Karen Krader and her family members couldn’t access their money for days until KGW contacted Chase Bank about the issue. Krader had been receiving unemployment for months after getting laid off from her office job in February. Chase said her account had been flagged over fraud concerns even though she was legitimately receiving funds from OED.

“I feel like Chase is treating us like criminals and we’re not criminals,” said Krader.

Amber Purcell said Krader’s story mirrored her own.

“It’s what happened to me, exactly what happened to me,” said Purcell.

Purcell said she could not access

Read More