Nuts-and-Bolts: Loan Officers – Exempt or Non?

In the recent case of Perez vs. Mortgage Bankers Association (MBA), the Supreme Court issued their final ruling on March 9, 2015, stating that the Department of Labor (DOL) had the right to change its interpretation, with or without public comment or notice, of the law pertaining to the administrative exemption under the federal Fair Labor Standards Act (FLSA). (more…)