WASHINGTON — Ruling that the Pennsylvania Department of Banking failed to adequately consider input from bankers, the Pennsylvania Supreme Court has sent a lawsuit challenging the granting of community charters back to a lower court.
In a 4-1 decision, the justices ruled that the department's exclusion of the Pennsylvania Bankers Association and Pennsylvania Business Bank as interveners, "offended the most basic tenets of due process."
Those organizations had challenged the community charters granted by Pennsylvania officials to Corey Jamestown Credit Union, Freedom Credit Union and TruMark Financial Credit Union for the right to serve five counties in the Philadelphia area.
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