PNC settles overtime suit for $16M – CPBJ

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 Pays Mortgage Loan Officers $16M – Overtime Lawsuit. PNC Bank will pay its some of its mortgage loan officers $16 million to settle a lawsuit brought under the Fair labor standards act. The mortgage brokers claimed they were denied overtime and proper commissions.

The Settlement Agreement and lawsuit that it resolves also show the key role that whistleblowers can play in these types of prosecutions. Qui tam and other fraud reports made by employees or other business partners have become a significant tool in the Federal government’s war.

A recent lawsuit against PNC Bank alleging the bank violated truth in lending and racketeering laws has tentatively settled. An arbitration panel appointed by a federal judge will determine the amount of the final settlement. pnc wants to pay just $24 million while the bank’s affected customers are demanding $70 million. The case began in 2003.

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I can’t say that there is a benefit to working for this company. They do not value their employees. pnc stands for Pretty Nasty Culture.

PNC Financial Services traces its history to the Pittsburgh Trust and Savings Company which was founded in Pittsburgh, Pennsylvania on April 10, 1845. Due to the long recovery from the Great Fire of Pittsburgh, PNC was not fully operational until January 28, 1852. It originally opened offices at Liberty Avenue and 12th Street.

 · Warning: Courts may view especially young workers differently when it comes to the issue of harassment, affording them more leeway when they fail to use your company’s harassment-reporting.

PNC Bank NA on Friday reached a $7 million settlement of a class action brought by mortgage loan officers accusing the bank of misclassifying them as overtime-exempt employees and making improper.

Is a PNC Bank branch manager entitled to overtime pay? Is an assistant branch manager at PNC Bank entitled to overtime pay? How do I file an overtime claim against PNC Bank? Who is the best lawyer for a PNC Bank overtime pay lawsuit? Our experienced PNC Bank overtime pay attorneys can determine whether you are entitled to overtime wages based.

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