August 05, 2024
A collective of mortgage loan officers seeking unpaid overtime won't land in front of the Fourth Circuit, a North Carolina federal judge ruled Monday, turning down Bank of America's bid to sort out which method to use for certifying collectives.
July 29, 2024
A group of mortgage loan officers who accused Bank of America of misclassifying the employees as overtime-exempt has cinched conditional collective certification, with a North Carolina federal judge rejecting the bank's arguments that their job duties were too different to merit certification.
December 01, 2023
Bank of America flouted federal and state laws by misclassifying mortgage loan officers as overtime-exempt even though they neither received a salary nor performed administrative duties, a group of workers said in a proposed class and collective action in North Carolina federal court.