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PNC settles overtime suit for $16M – CPBJ

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PNC settles overtime suit for $16M – CPBJ PNC Financial to Settle Acquired Bank’s Home Loan Lawsuit. – The PNC financial services group, Inc. (PNC) has agreed to pay atleast million to settle a class-action lawsuit against Community Bank of Northern Virginia.

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LOS ANGELES – PNC Bank recently agreed to a $16 million settlement to resolve an ongoing class action overtime pay lawsuit with mortgage loan officers over allegations that the company used a variety of methods to cheat workers out of hard earned overtime. The settlement covers an estimated 3,400 loan officers across the country with compensation based on the number of weeks each class.

PNC has agreed to pay $16 million to settle a federal overtime lawsuit filed by current and former mortgage loan officers, according to court documents. U.S. District Judge Arthur Schwab approved the class-action settlement Tuesday. The settlement covers 3,431 people who worked for the bank nationwide since Aug. 7, 2012.

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PNC settles overtime suit for $16M – CPBJ DOL Proposes Changes to Overtime Rule.. WI Shipyard Settles First Lead Exposure Suit. A Wisconsin shipyard has settled one of a number of lawsuits filed in the past two years by workers alleging they were exposed to lead hazards in violation of workplace-safety regulations.

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PNC Bank NA has agreed to pay $16 million to settle Fair labor standards act claims brought by a collective of mortgage loan officers who claim they were denied overtime pay and a proper.