On April 27, 2021, President Biden signed an Executive Order requiring federal contractors to pay a $15 minimum wage to workers on federal contracts by March 30, 2022. After 2022, the minimum wage will be indexed to adjust...more
The hospitality industry has arguably endured the most significant impact from the Obama Administration's employment legislation and regulation. From the Affordable Care Act to overtime expansion, to the attacks on the...more
The financial services area received a defeat earlier this year when the United States Supreme Court in March upheld the Department of Labor's (DOL) Administrative Interpretation concluding that mortgage loan officers do not...more
9/28/2015
/ Appraisal Management Companies ,
Banking Sector ,
Banks ,
Bonuses ,
Collective Actions ,
Consumer Lenders ,
Consumer Price Index ,
Department of Labor (DOL) ,
Exempt-Employees ,
Fair Labor Standards Act (FLSA) ,
Financial Institutions ,
Managers ,
Minimum Salary ,
Minimum Wage ,
Mortgage Loan Officer ,
Mortgages ,
Non-Exempt Employees ,
NPRM ,
Obama Administration ,
Recordkeeping Requirements ,
Sales Commissions ,
SCOTUS ,
Unpaid Overtime ,
Wage and Hour ,
White-Collar Exemptions
In a March 13, 2014, memorandum, President Barack Obama directed the Department of Labor (DOL) to "modify," "streamline" and "simplify" the federal regulations regarding exemptions to overtime under the Fair Labor Standards...more
9/3/2015
/ Compliance ,
Department of Labor (DOL) ,
Exempt-Employees ,
Fair Labor Standards Act (FLSA) ,
Fast-Food Industry ,
Hospitality Industry ,
Minimum Salary ,
Minimum Wage ,
Non-Exempt Employees ,
NPRM ,
Obama Administration ,
Unpaid Overtime ,
Volunteers ,
Wage and Hour ,
White-Collar Exemptions