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Six years in the making, Department of Labor Secretary Tom Perez finally made announcements about the final version of the long-awaited rule at the Center for American Progress last past week.

Consumers have complained to the Bureau that lenders attempt to make several debits on their accounts within a short period of time, including one consumer who had taken out multiple loans from several online payday lenders and reported that the consumer's bank account was subject to 59 payment attempts over a 2 month period.

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