Class Action.org is investigating whether underwriters at U.S. Bank have been properly paid for their overtime hours. It has been alleged that certain financial institutions have been incorrectly classifying its underwriters into a group of employees who are ineligible to receive overtime pay. If you have worked as a U.S. bank underwriter and were not paid for your overtime hours, you may be able to make a claim for unpaid overtime wages. To find out if you are eligible, visit
http://www.classaction.org/us-bank-underwriter-overtime-claims.html for a free case review.
While U.S. Bank has not been named among the establishments which have faced allegations of
employee misclassification, loan underwriters, in general, belong to a group of employees who are often subject to this illegal overtime practice. In an attempt to avoid paying overtime, a bank will incorrectly, and intentionally, classify its loan officers as administrative employees, a category of workers who are ineligible for overtime pay under federal law. However, to be considered exempt from overtime wages under the administrative exemption, the employee must meet a strict set of criteria. They must earn a salary of at least $455 per week; exercise discretion and independent judgment in significant matters; and primarily perform office or non-manual work directly related to management or general business operations of the company or its customers. Meeting only one or two of these requirements is not sufficient to disqualify an employee from overtime wages under the administrative exemption.
Because it can be difficult for an employee to determine whether they are eligible for overtime pay, Class Action.org is extending a free case evaluation to all current and former U.S. Bank underwriters to help determine if they are owed unpaid overtime wages. Potentially, loan underwriters who were improperly classified and denied overtime wages may be able to seek up to three years of unpaid overtime, an equal amount in liquidated damages, and attorneys’ fees. There is a time limit for filing
unpaid overtime claims, however, and failure to act within this period will prevent the employee from ever taking legal action to recover their unpaid overtime. To find out if you may be able to make a claim for unpaid overtime, visit Class Action.org today for a free case review.
About Class Action.org:
Class Action.org is dedicated to protecting consumers and investors in class actions and complex litigation throughout the United States. Class Action.org keeps consumers informed about product alerts, recalls, and emerging litigation and helps them take action against the manufacturers of defective products, drugs, and medical devices. Information about consumer fraud issues and environmental hazards is also available on the site. Visit http://www.classaction.org today for a no cost, no obligation case evaluation and information about your consumer rights.
