A lawsuit was filed by the Mortgage Bankers Association against the Department of Labor, a news release said. The trade group claims that last year’s administrator’s opinion reversed a 2006 opinion letter from the department to MBA which concluded that typical loan officers were exempt from Fair Labor Standards Act requirements for overtime payments. MBA [...]
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Government Sued Over LO OT Ruling
January 12th, 2011 
davidguide 
Posted in Business Loans 
Tags: Association, group claims, labor, letter, mortgage bankers association, news, overtime payments, rulemaking procedure, Sued, Trade, typical loan 
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