A recent report from the Center for Responsible Lending on payday lending says more than 25% of such borrowers are receiving Social Security. Scott Talbott, senior vice president for public policy at The Financial Services Roundtable, says the majority of borrowers seeking advance deposit loans from banks do not rely on Social Security for income. "The average age of the user of the banking industry's advance deposit loan is 43, and the vast majority is between 25 and 45," Mr. Talbott said.

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