Industry Urges DOL to Withdraw ‘Flawed’ Overtime Exemption Rule
June 1, 2010
The Department of Labor should withdraw a recent rule interpretation denying overtime pay exemption to mortgage loan officers or formalize rulemaking in this area, according to a coalition of financial services trade groups and small businesses. In a letter to DOL Secretary Hilda Solis, the coalition said the department’s recent interpretation of minimum wage and overtime...