A fence stands in front of the U.S. Capitol building in Washington, D.C., U.S., on Monday, Dec. 17, 2018. Photographer: Al Drago/Bloomberg

U.S. Representatives Nydia Velazquez and Roger Marshall called for a ban on a legal tactic that predatory lenders use to seize money from small businesses, matching a bipartisan bill introduced in the Senate earlier this month.

Velazquez, a Democrat from New York, and Marshall, a Kansas Republican, introduced legislation that would ban confessions of judgment, legal documents that many financial firms offering quick money require customers to sign to get loans. By signing, the borrowers forfeit their right to defend themselves in court, allowing lenders to seize their assets before they know what happened.

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