Business NewsMarketWire • Nichols Kaster, PLLP: DOL Reverses Course, Confirms That Loan Officers Are Entitled to Overtime Pay

Nichols Kaster, PLLP: DOL Reverses Course, Confirms That Loan Officers Are Entitled to Overtime Pay

Nichols Kaster, PLLP: DOL Reverses Course, Confirms That Loan Officers Are Entitled to Overtime Pay

WASHINGTON, DC--(Marketwire - March 25, 2010) -  Yesterday, the U.S. Department of Labor Wage and Hour Division (DOL) issued the first ever "Administrator's Interpretation," finding that loan officers are not covered by the administrative exemption and are entitled to overtime pay under the Fair Labor Standards Act (FLSA).

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