DC Circ. Won't Reconsider DOL's Shift On Loan Officer OT

Law360, New York (October 03, 2013, 4:23 PM ET) -- The D.C. Circuit on Wednesday refused to grant a full court review of a panel decision that struck down the U.S. Department of Labor's 2010 reclassification of mortgage loan officers as eligible for overtime pay, leaving a banking industry group's win in place. 

Three former Quicken Loans Inc. loan officers who intervened in the Mortgage Banker's Association's case against the DOL over the change because they have pending claims for unpaid overtime filed a petition in August asking the appeals court to rehear the case en banc. But...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers