Relevant:
- Nichols Kaster, LLP Files Overtime Case Against Franklin American Mortgage on Behalf of Underwriters
- Obama Admin Extends Overtime Pay To 4.2M Workers
- JPMorgan Chase Mortgage Underwriters Sue for Overtime Backpay
- Judge blocks Obama's attempt to require overtime pay for millions of Americans
- Bank of America to Pay $12 Million to Settle Suit for Overtime Pay
2011-01-12 — mortgagenewsdaily.com
"The Mortgage Bankers Association has filed suit in federal court in an effort to reverse a March 2010 ruling by the Department of Labor (DOL) requiring that loan officers be paid overtime. That DOL Wage and Hour Division Administrators Interpretation reversed a previous opinion that MBA members had been operating under since 2006 that had exempted mortgage loan officers from the overtime provision of the Fair Labor Standards Act (FLSA.)"
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