March 06, 2025
Proposed classes of Bank of America loan officers include too many individualized claims for certification, the bank has argued in litigation alleging the loan officers were "short-changed" as they processed emergency small business loans during the pandemic.
August 10, 2023
Bank of America did not factor incentive pay for loan officers who processed Paycheck Protection Program loans into their overtime wages, thereby significantly underpaying them, a trio of former loan officers alleged in a lawsuit filed in California federal court.