| Similar Articles |
|---|
 |
U.S. Banker
May 2011
Glen Fest |
Overdue on Overtime Many banks are still struggling with incorporating new hourly wage rules for mortgage loan officers, nearly a year after they went into effect.   |
Registered Rep.
December 1, 2006
Halah Touryalai |
Department of Labor to Brokers: No Overtime Pay for You Here is a new twist in the broker overtime pay lawsuits: The Department of Labor (DOL) says brokers are not entitled to overtime pay after all. Well, that is, unless the DOL is wrong, which it allowed could be the case. (No kidding.) |
Entrepreneur
July 2003
Stephen Barlas |
Clocking In For low-wage workers, overtime may get more lucrative. |
Registered Rep.
September 1, 2005
Kristen French |
Ready to Punch a Time Clock Merrill Lynch paid $37 million to settle claims that it owes thousands of former brokers overtime pay. Now, class-action attorneys smell blood. |
Registered Rep.
May 1, 2006
Halah Touryalai |
Wall Street Wage Fight An activist labor lawyer's allegations, if correct, raise serious issues on compensation practices at financial institutions. By applying a landmark, Depression-era labor law to the brokerage business, he has settled class-action suits against two wirehouse firms in California already. |
Inc.
January 2007 |
Excuses, Excuses If you're using one of the following justifications to explain why you're not paying overtime, you could be breaking the law. |
Inc.
January 2007
Dee Gill |
Do Your Employees Qualify For Overtime? In many cases, reasons for not paying employees overtime are not legally valid. |
Registered Rep.
July 1, 2006
Halah Touryalai |
Ready to Punch the Clock? Most registered reps compare themselves to professionals, such as doctors and lawyers. However, it seems that according to an interpretation of federal law, financial advisors may be held to the same labor law standards as an hourly employee. |
Registered Rep.
July 14, 2008
Halah Touryalai |
Morgan Stanley Offers $50 million In Overtime Settlement The settlement covers all financial advisors, trainees, producing branch managers, assistant branch managers and sales managers who live outside of California and were employed with the New York-based firm between Sept. 1, 2002, and April 21, 2008. |
Registered Rep.
May 22, 2006
Halah Touryalai |
Brokers Ring Up Another Big Overtime-Pay Settlement Citigroup has agreed to pay a up to $98 million, a record-breaking figure, to past and present advisors to settle their overtime-pay claims. |
Entrepreneur
December 2003
Julie Monahan |
Overtime Overhaul? Congress challenges proposed changes to overtime eligibility. |
Entrepreneur
November 2006
Mark Henricks |
Working Classes To exempt or not to exempt? That's a tricky question. Misclassifying your employees could land you in hot water, so do it right. |
Job Journal
September 14, 2003
Bob Rosner |
A Law for All Who Labor Labor laws safeguard your right to fair wages for your work. |
Entrepreneur
February 2008
Chris Penttila |
Compensating Overtime Employees Here's why one entrepreneur hired on an HR person to take care of overtime pay. |
CFO
October 1, 2006
John Goff |
Pain-and-a-Half What's behind the startling rise in overtime lawsuits? Confusion, collusion, and a dash of retribution. |
Registered Rep.
December 1, 2005
Kristen French |
Where's My Money? After California brokers won $37 million in an overtime lawsuit against Merrill Lynch in August, a slew of copycat lawsuits have been filed against other brokerage firms, many of them in New York. |
U.S. Banker
November 2007
Karen Krebsbach |
Legal Losses Mount for Banks Found to Run Afoul of Labor Laws A recent spate of big-ticket class-action settlements against retail and investment banks over Fair Labor Standards Act violations is forcing firms to better arm themselves for battle. |
Inc.
February 1, 2003
Christopher Caggiano |
Red Tape: Are You Cheating Your Employees? Litigation from wage-and-hour disputes is skyrocketing. And you may be breaking the law without even knowing it. |
Entrepreneur
October 2004
Chris Penttila |
Time's Up New U.S. Department of Labor laws that deetermine who gets overtime and who doesn't are described as "clear as mud." Meanwhile, states with laws that are more employee-friendly than federal laws can trump the feds. |
Registered Rep.
September 14, 2005
Kristen French |
Overtime Pay, Chargebacks Under Fire; Morgan Stanley Latest Firm in Lawyers' Sights A $450 million class-action lawsuit filed in New York against Morgan Stanley on Friday could have major implications for brokerages' pay practices in the state. |
CFO
March 1, 2003
Alix Nyberg |
Avoiding Overtime Losses Managers and executives are joining class-action lawsuits that insist their companies have denied them millions of dollars in overtime pay. |
U.S. Banker
July 2010
Alan Kline |
Finding 'Harmony' in Refi Loans 1st Commonwealth of Virginia offers a new kind of loan aimed at retaining customers in times of lower rates, when borrowers typically defect. |
BusinessWeek
October 1, 2007
Michael Orey |
Wage Wars Workers - from truck drivers to stockbrokers - are winning huge overtime lawsuits. |
Registered Rep.
August 24, 2007
Halah Touryalai |
Overtime Claims Make Their Way To Schwab The lawyers involved in a number of overtime cases against major wirehouse firms, including UBS and Merrill Lynch, filed a new one against Charles Schwab in July. |
Food Processing
September 2010
Brett Sutton |
Four Mistakes Food Processors Make in California The Golden State has higher wage and hour practices than federal standards. |
Bank Technology News
January 2007
John Adams |
Paperless Mortgages: The Broker Pens Her Own Program Hawaiian mortgage broker Donna Iwane was frustrated by cumbersome processing, so she developed a Web application that creates loan proposals in less than a minute. |
Commercial Investment Real Estate
Sep/Oct 2011
Thomas R. Petty |
Loan Language What can borrowers negotiate under today's stricter standards? |
Registered Rep.
March 3, 2006
Halah Tourylai |
Third Wirehouse Coughs Up Millions In Overtime Cases Yesterday, Morgan Stanley became the third wirehouse, after Merrill Lynch and UBS, to settle class action suits with California brokers over overtime pay in the past seven months -- the second in three weeks. |
Inc.
September 2007
Kermit Pattison |
The Mortgage Business Was Sliding. But Salespeople Still Raked In Big Fees. Changing loan officer compensation from a commission-based structure to a salary-based structure can save in expenses, and surprisingly, it can increase sales as well. Read about one mortgage company's experience. |
HBS Working Knowledge
August 13, 2012
Carmen Nobel |
When Good Incentives Lead to Bad Decisions New research explores how various compensation incentives affect lending decisions among bank loan officers. |
The Motley Fool
March 20, 2007
Mary Dalrymple |
5 Reasons to Scrimp for a Down Payment Of the million or so hurdles you can encounter between you and your first home, the down-payment hurdle can sometimes loom the largest. It's not easy, but it can save you more money down the road. |
Registered Rep.
August 8, 2006
Halah Touryalai |
A.G. Edwards' Challenge to OT Pay Fails Are registered reps hourly employees and, therefore, entitled to overtime? The overtime-pay case keeps getting stronger. A California court announced that it would not dismiss an overtime-pay case brought against A.G. Edwards. |
The Motley Fool
August 11, 2008
Morgan Housel |
Fannie Mae's Return Policy Fannie Mae is going to start honing in on mortgages it bought that disintegrated, retracing the steps to look for any fraudulent lending practices by the lender who originated the loan, and -- if there was an issue -- going back to retrieve some of the loss. |
The Motley Fool
March 28, 2007
Mary Dalrymple |
When Lenders Compete, You Lose If you're in the market for a mortgage and you don't want to be blanketed with offers from other lenders, you can do two things to prevent yourself from ending up on one of these lists. |
This Old House
Sid Davis |
Here's How to Finance Your Remodel Financing a remodeling project doesn't have to be a crap shoot. Here's a game plan for choosing the best deal. |
BusinessWeek
April 7, 2011
Karen Weise |
Banks 'Too Big to Fail' Could Get Bigger Federal agencies putting mortgage and derivative reforms into force are writing rules that seem to have a big-bank bias. |
Job Journal
April 12, 2009 |
Career Snapshot: Loan Processors Loan processors are the people most of us depend on for life's biggest purchases. |
Registered Rep.
February 9, 2006
John Churchill |
Pro Or Hourly Wage Earner? UBS Pays $89 Million to Settle Overtime Suits The settlement resolves claims that UBS incorrectly classified financial advisors and financial advisor trainees as exempt from overtime pay under federal and U.S. state laws. |
Registered Rep.
January 17, 2003
Rick Weinberg |
Pru Tells Admin Managers To Dump Books Prudential Securities informed all of its administrative managers at the beginning of the year that if they were also producing brokers, they were no longer going to be paid commissions, according to sources. |
Fast Company
Lydia Dishman |
New Rules For Overtime Pay: Blessing Or Curse For Business? President Obama announced this morning that the Department of Labor will propose to raise the salary threshold below which workers must receive overtime pay to $50,440 in 2016. |
Inc.
June 2004
Jess McCuan |
Overtime Reform Overdoses on Politics The 66-year-old Fair Labor Standards Act is set to be overhauled by August 23, granting overtime to more low-income workers, reducing it for $100,000+ earners, and redefining eligibility for the service sector. |
U.S. Banker
May 2009
Alan Kline |
Will Dismal 2008 Give Way to a Banner 2009? Will historically low mortgage interest rates draw buyers back into the home market? |
Registered Rep.
August 3, 2011
Kristen French |
New Merrill Overtime Lawsuit Aims to Overturn System of Compensation, Alleged Culture of Discrimination The giant Wall Street financial firms have settled numerous overtime pay and discrimination claims over the past decade and a half, but a recent suit filed in New York represents a new twist on some old themes. |
Bank Systems & Technology
April 1, 2005
Cynthia Ramsaran |
Echoes of the Mortgage Boom With more institutions vying for the business of fewer customers, it's more important than ever for mortgage players seeking to grow revenues to improve service by offering new and differentiated mortgage products, such as Web-based offerings. |
AskMen.com
September 2, 2002
Ian Speigel |
Basics Of A Home Mortgage For some people, taking out a mortgage is a nauseating and terrifying proposition. It's not difficult to understand why. After all, you're basically laying your financial bits and pieces on the table and asking to be judged. But it doesn't have to be so bad. |
U.S. Banker
March 2011
Tim Grace |
Mortgage Buybacks Point To Need for Better Analytics With mortgage fraud rising, the need for consistent, industry-wide fraud controls are a fundamental building block for improved loan quality. |
Global Services
July 30, 2007
Vashistha & Khan |
Hire and Fire: Regional Labor Laws In these times when businesses thrive on global labor, companies must know and understand the employment laws of the countries they operate in. |
The Motley Fool
February 28, 2011
Dan Caplinger |
Why Getting a Mortgage Will Never Be the Same Lots of changes are happening to the mortgage market. |
Bank Technology News
January 2006
John Adams |
Wholesale Mortgages: UBOC's Broker Road Becomes Automated The lender's strategy is heavy on implementing electronic loan execution. The goal? Cutting cost and time-and eliminating paper from desks of customer-facing partners. |
Registered Rep.
November 29, 2006
Halah Touryalai |
Merrill Lynch to Pay National Overtime Settlement The financial firm has decided to consolidate the numerous overtime lawsuits that have been filed against the firm and settle nationally with its brokers. |
