Option One Sued For Alleged Overtime Payment Violations
September 29, 2006
Subprime lenders are grappling with the thorny issue of overtime pay for loan officers – a problem that has landed some companies in court with former employees who claim that they were inadequately compensated. A case in point is Option One Mortgage, which revealed in a recent securitization prospectus that it has been sued by loan officers in California, in a class action lawsuit that alleges violations of the...