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Employer Law Blog
March 18, 2015

U.S. Supreme Court Rejects Challenge to DOL “Administrator’s Interpretation” That Mortage-Loan Employess Are Non-Exempt Hourly Employees

Author: Sandberg Phoenix

In 2004, the Department of Labor (“DOL”) updated its regulations addressing the various white collar overtime exemptions. In part, the DOL identified a number of employees which may be exempt under the “administrative exemption.” One of the specific examples listed in the regulations, 29 CFR § 541.203(b), were employees “in the financial services industry,” provided such employee did not have as his or her primary duty the selling of financial products.