Oregon community banks sue state over foreclosure moratorium

Published August 17, 2020 11:00pm ET



Oregon banks are suing the state government over a blanket moratorium on foreclosures passed this summer they describe as an unconstitutional violation of contract law.

Filed Thursday in the U.S. District Court of Oregon’s Eugene division, the lawsuit names the Oregon Bankers Association, the Lewis & Clark Bank, the Bank of Eastern Oregon, and the People’s Bank of Commerce as plaintiffs.

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