The Pennsylvania Supreme Court is delaying until next March hearing oral arguments in the three-year-old community chartering suit against Freedom Credit Union and TruMark Financial CU brought by the Pennsylvania Bankers Association.

In preparation for today's 1 p.m. markup of The Emergency Home Ownership and Mortgage Equity Protection Act of 2007 (H.R. 3609), NAFCU sent a letter to the House Judiciary Committee leadership.

Moving credit union bylaws into NCUA's regulations will not necessarily stop litigation surrounding credit union attempts to change from credit union to bank charters, according to a leading consultant in the process.

ING Direct said yesterday that it has reached an agreement with ShareBuilder Corp. to acquire its online brokerage business for $220 million.