And homeowners won’t suffer? Don’t you think they have suffered enough?

StlToday-

A St. Louis County Circuit Court judge on Thursday blocked the county from implementing a new ordinance that requires banks to participate in formal mediation before foreclosing on county residents.

Associate Circuit Judge Brenda Stith Loftin granted a temporary restraining order at the request of the Missouri Bankers Association Inc. and Jonesburg State Bank.

“The Court finds plaintiffs will suffer immediate and irreparable financial and property damage if the Defendants are allowed to implement or enforce the Ordinance prior to a determination on the merits,” Loftin wrote in her ruling.

[STLTODAY]

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