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(EMAILWIRE.COM, October 02, 2010 ) New York, NY – The overtime attorneys working with IQOvertime.com are available to review claims from loan consultants and loan officers who regularly work more than 40 hours a week and have been denied overtime pay. Unless specifically exempt from overtime law, loan officers are entitled to receive 1.5 times their regular rate of pay for every hour worked in excess of 40 during a single workweek. If you have been denied overtime pay as a loan officer or loan consultant, visit http://www.iqovertime.com/loan-officers-and-loan-consultants-unpaid-overtime--41105.html to learn your legal rights.
Overtime violations in the financial services industry are not uncommon, and loan officers are among the types of employees who are most likely to be misclassified or otherwise subjected to illegal wage and hour practices. In fact, in June 2009, Washington Mutual Bank agreed to pay $38 million to settle three overtime class action lawsuits accusing the bank of failing to pay overtime to nearly 4,000 current and former loan consultants who were allegedly misclassified as exempt from federal wage and hour law. JPMorgan Chase also faced a similar overtime lawsuit which accused the company of failing to pay overtime to current and former loan officers and misclassifying them as exempt from federal and state wage and hour provisions. In January 2010, the judge in this unpaid overtime case gave tentative approval to a $2.5 million settlement pact.
Loan officers and loan consultants who were denied overtime pay may be able to participate in a lawsuit to recover up to three years of unpaid overtime, as well as an equal amount in liquidated damages and attorneysÂ’ fees. To find out if you are eligible for an unpaid overtime lawsuit, visit http://www.iqovertime.com/ and fill out the free case review form. The overtime lawyers working with IQOvertime.com are providing this initial consultation at no cost and remain dedicated to protecting the rights of loan officers and other employees who were wrongfully denied overtime pay.
About IQ Overtime
IQOvertime.com was established to provide information for workers who have been denied overtime compensation. Comprehensive resources for workers are available on this site, including informational articles, an overtime calculator, answers to frequently asked questions, and an overview of state overtime laws. If you have been denied overtime pay, get the legal help you need today. Visit http://www.iqovertime.com and complete the Free Case Evaluation form to have your claim reviewed at no cost.
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