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Home » Store » IMFnews » Overtime Pay Injunction Leaves Lenders, Other Employers In Limbo as DOL Ponders Its Response to the Court Order

Overtime Pay Injunction Leaves Lenders, Other Employers In Limbo as DOL Ponders Its Response to the Court Order

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Mortgage lenders and other employers that have made or are preparing to implement changes to comply with the Department of Labor’s revised overtime pay regulations may have to reevaluate whether to hold off or go forward with those plans, according to wage and overtime experts. On Nov. 22, Judge Amos Mazzant of the Eastern District of Texas granted a request by several states to block the new overtime pay rules that would have gone into effect on Dec. 1. The judge issued a preliminary injunction after determining that the DOL did not have the authority to decide whether workers should be paid overtime based on their salary level alone. Mazzant agreed...
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