Pennsylvania's second-highest court delivered a Christmas present to the state's banks last month, lifting a heavy burden that bankers had assumed could be eased only legislatively.

In a surprise decision in late December, the state's Commonwealth Court reversed the results of a 1993 decision by a three-judge panel that has cost the state's bankers millions of dollars in foreclosure fees paid to county sheriffs.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.