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Offit Kurman Regulatory Attorney Daniella Casseres Quoted in Scotsman Guide

Ruling on loan officer overtime could lead to more labor lawsuits

A recent U.S. Supreme Court ruling that loan officers must be paid overtime could have little effect on how most mortgage companies pay their employees, analysts say. The ruling, however, could lead to a new wave of labor lawsuits from disgruntled former employees. “There is going to be a lot more interest in [Fair Labor Standards Act] litigation,” said Daniella Casseres, an attorney with Offit Kurman’s Financial Institutions Compliance Practice Group. “More employees, former employees, [will claim] that they weren’t adequately paid minimum wage or overtime.”

Click here to read the full article on Scotsman Guide.

ABOUT DANIELLA CASSERES

Daniella Casseres Daniella Casseres focuses her practice on laws and regulations governing mortgage lenders, mortgage brokers, financial institutions and consumer finance companies. She also works closely with the firm’s affiliate company, Strategic Compliance Partners.  She advises these clients on state and federal compliance laws and regulations including, TILA, RESPA, FHA, SAFE Act, FCRA, GLBA, Privacy Act, and BSA requirements.   You can connect with Offit Kurman via FacebookTwitterGoogle+YouTube, and LinkedIn. WASHINGTON | BALTIMORE | FREDERICK | PHILADELPHIA | WILMINGTON | VIRGINIA