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DC Circ. Nixes DOL's Change To Loan Officer OT Status

By Abigail Rubenstein (July 2, 2013, 3:09 PM EDT) -- The D.C. Circuit on Tuesday struck down the U.S. Department of Labor's 2010 reclassification of mortgage loan officers as eligible for overtime pay, finding that the agency must engage in formal rulemaking to make such a change. ...

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