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Borrowers of federal student loans are frequently encouraged by lenders to sign up for automatic payments. Doing so may seem like a smart idea because borrowers often receive a little cheaper interest rate in exchange and don't have to worry about skipping payments. However, a recent report from the Consumer Financial Protection Bureau suggests that the choice may backfire in a lending market beset by consumer abuses. Unfortunately, CFPB Student Loan Ombudsman Julia Barnard told CNBC that autopay problems were among the most common, fundamental, and significant servicer issues that we observed this year. These mistakes are totally unacceptable and quite expensive. According to Barnard, there have been instances where borrowers have had funds taken out of their bank accounts even though th...

According to Louisiana authorities, a skydiver died on Saturday after his parachute failed to deploy. The Caddo Parish Sheriff's Office described the unnamed skydiver as an Asian male in astatement. About 25 miles north of Shreveport, at Gilliam Airport, the skydiver was reported missing at 1:30 p.m. According to the sheriff's office, he was discovered a few miles from the planned landing spot around two hours later. The statement claimed that the skydiver's parachute had not deployed. According to the sheriff's office, he was wearing an orange wingsuit. When contacted Tuesday afternoon for more information, no one from the Caddo Parish Coroner's Office or the sheriff's office was available. This year, there have been at least two other skydiving deaths attributed to malfunctioning parachu...