Bank sued for alleged time and attendance violations
A lawsuit recently filed in Texas federal court alleges that financial institution BBVA Compass violated the Fair Labor Standards Act (FLSA) by failing to adequately compensate its mortgage banking officers (MBOs) for overtime employee attendance.
The plaintiffs claim that prior to April, they were unfairly exempted from FLSA time and attendance provisions requiring workers to be paid at a time-and-a-half rate for each hour worked in excess of 40 hours per week.
After implementing employee time tracking in April 2011, the company allegedly discouraged MBOs from entering more than 40 hours per week on their timeclock records so that it could avoid paying overtime.
"We allege Compass Bank's deliberately illegal misclassification of its MBOs as exempt from overtime requirements, and not allowing them to properly record overtime hours worked, demonstrates a willful violation of the FLSA," said J. Derek Braziel, the plaintiffs' counsel, in a statement.
Elsewhere in the state, East Texas-based Great Western Financial Services bank was sued in December for violating the FLSA's overtime provisions, according to the Southeast Texas Record. The class action lawsuit alleged that the bank routinely required loan officers to work overtime without compensating them at a time-and-a-half rate.
The plaintiffs claim that prior to April, they were unfairly exempted from FLSA time and attendance provisions requiring workers to be paid at a time-and-a-half rate for each hour worked in excess of 40 hours per week.
After implementing employee time tracking in April 2011, the company allegedly discouraged MBOs from entering more than 40 hours per week on their timeclock records so that it could avoid paying overtime.
"We allege Compass Bank's deliberately illegal misclassification of its MBOs as exempt from overtime requirements, and not allowing them to properly record overtime hours worked, demonstrates a willful violation of the FLSA," said J. Derek Braziel, the plaintiffs' counsel, in a statement.
Elsewhere in the state, East Texas-based Great Western Financial Services bank was sued in December for violating the FLSA's overtime provisions, according to the Southeast Texas Record. The class action lawsuit alleged that the bank routinely required loan officers to work overtime without compensating them at a time-and-a-half rate.
All data and information provided on this news blog is for informational purposes only. Infinisource makes no representations as to accuracy, completeness, suitability, or validity of any information on this site and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. All information is provided on an as-is basis. Information regarding employment suits and other legal action is not updated after publication, and may not be current.