Reps. Maurice Hinchey, D-N.Y., and Henry B. Gonzalez, D- Tex., introduced legislation Tuesday that would prohibit unsolicited loans by mail.

"Banks should not be sending unsolicited loans through the mail where anyone can get their hands on them," Rep. Hinchey said. "Even if the loan check reaches its target, a trusting individual could sign it and wind up liable for an exorbitant amount."

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