TIAA Bank To Pay $3.5M To Settle Loan Officer OT Suit

By Michael Joe · October 20, 2020, 10:30 PM EDT

TIAA Bank will pay $3.5 million to settle claims from its retail mortgage loan officers that they deserved overtime despite their commission-based pay structure, according to a New York magistrate judge's...

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Case Information

Case Title

Lesser et al v. TIAA Bank, FSB

Case Number

1:19-cv-01707

Court

New York Southern

Nature of Suit

Labor: Fair Standards

Date Filed

February 22, 2019