Mortgage Co. Must Arbitrate Loan Officers' Wage Claims
By Stephanie Russell-Kraft ( September 6, 2013, 3:17 PM EDT) -- A California federal judge said Thursday that 70 Prospect Mortgage LLC commission-only loan officers accusing the residential mortgage lender of misclassifying them as exempt from federal wage requirements could arbitrate individually with the company even though they had previously joined a collective action....
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