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MLOs sue Bank of America for unpaid overtime, FLSA violations
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Banking, Case Law
Friday, December 8, 2023
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A
group of mortgage loan officers filed suit against Bank of America, alleging
the bank failed to appropriately compensate employees who routinely worked more
than 60 hours per week. The plaintiffs assert the bank avoided paying overtime
to commission-based employees by systematically misclassifying them as exempt under
the Fair Labor Standards Act.
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