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Massachusetts banks seek to block local foreclosure laws

(Reuters) – Seven Massachusetts banks have asked a federal
judge to stop enforcement of local laws combatting the impact of
home foreclosures, arguing that the state’s highest court has
already ruled such laws invalid.

In a filing on Wednesday, a lawyer for the banks said the
ordinances, passed by the cities of Lynn and Worcester, put
restrictions on the foreclosure process, an area of state
concern, not local.

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