DC Circ. Ruling May Curb DOL Flip-Flopping

Law360, New York (July 2, 2013, 8:47 PM EDT) -- A D.C. Circuit ruling Tuesday rejecting the U.S. Department of Labor's 2010 reclassification of mortgage loan officers as eligible for overtime pay as procedurally unsound will make it tougher for the agency to reinterpret its regulations based on changes in the political winds, attorneys say.

The appeals court sided with the Mortgage Bankers Association in its challenge to the DOL's decision to flip its stance on mortgage loan officers' overtime status in 2010 through an administrative interpretation that withdrew a Bush-era opinion letter suggesting most loan...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.