Rebecca Bornè, senior policy counsel for the Center for Responsible Lending (CRL), on July 24 told the Senate Special Committee on Aging that older Americans are a rapidly growing proportion of payday borrowers. Several factors make seniors attractive customers: most older Americans have regular Social Security income, and many experienced hardship in the financial crisis and housing downturn. In both Florida and California, about one in five payday borrowers is 55 or older. In Florida alone, the share of payday borrowers age 65 and older surged 73 percent between 2005 and 2011, although the age group as part of the general state population grew just 4 percent. Bornè also testified that payday lenders dealing with Social Security recipients have avoided protections that federal regulators implemented to shield payments from being seized to pay debt. “Payday lenders grossly undermine this critical protection by requiring Social Security recipients to provide direct access to their bank accounts – either through a post-dated check or electronic access – and immediately taking the income for repayment,” Bornè noted. She also reported that CRL's research has found that payday lenders take an average of 33 percent of a borrower’s next Social Security check for loan repayment.