Mortgage Broker Faces FLSA Suit

Law360, New York (February 8, 2007, 12:00 AM EST) -- A Quicken Loans Inc. subsidiary that bills itself as Michigan’s largest mortgage broker has been hit with a proposed collective action accusing the company of not paying its mortgage bankers and loan consultants the premium overtime rates mandated by federal law and failing to keep track of all the hours those employees worked.

The lawsuit, which invokes the Fair Labor Standards Act (FLSA), was filed Tuesday in federal court in Detroit on behalf of one named plaintiff and those similarly situated, and names Rock Financial and...
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