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Posts Tagged overtime pay

Mortgage Brokers Entitled To Overtime

The Fair Labor Standards Act dates back to 1938. Although many people have not heard of the law, they are familiar with its terms. Non management and not administrative employees are entitled to overtime pay for work in excess of 40 hours. That includes overtime pay for many mortgage, banking and stockbrokerage employees. Many mortgage [...]

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MetLife Home Loans Sued in Overtime Beef

by Brian Mahany Recently we have seen a spate of complaints against mortgage brokers and lenders. And its not just our office that is seeing the spike in claims. Nationally, since the financial meltdown of 2008, the number of overtime suits has increased by 37%. Many Americans have been pushed to the brink of insolvency. [...]

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Mortgage Bankers Association, Labor Department Square Off Over Overtime Pay Rules

by Brian Mahany We have been following the overtime pay debate involving loan officers and the financial service industry in general. Presently we have several cases brought on behalf of present or former loan officers. In this economy, it’s not unusual to work long, long hours and for very little pay. Employees say they are [...]

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Unpaid Overtime Claims Against Banks and Brokers Spike – FLSA Post

by Brian Mahany Most people have not heard of the Fair Labor Standards Act or FSLA (it was passed post-Depression in 1938) but everyone knows when they have been wrongfully denied overtime or pay. Lately it seems one of the worst offenders are bankers and stockbrokers. Working in a factory on a time clock mens [...]

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