Wells Fargo accused in lawsuit of routine overtime pay violations -Breaking
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© Reuters. FILEPHOTO: Woman walks by Wells Fargo Bank in New York City. March 17, 2020. REUTERS/Jeenah MoonBy Daniel Wiessner
(Reuters) – Wells Fargo (NYSE) Co received a proposal for a class action suit Wednesday alleging that Co routinely required hourly employees to do overtime in Florida without payment.
Florida federal court filed a complaint alleging that Wells Fargo expects registered client associates (RCAs) to work over 40 hours per week, but fails to pay overtime premiums as required under federal wage law.
David Brandt (plaintiff), who has worked for Wells Fargo in Orlando for 8 years, claims the company systematically deprived RCAs of overtime compensation “knowingly, willingly, or with reckless disregard” to its legal obligations.
Wells Fargo has not yet responded to my request for comment.
Brandt’s lawyers at the firm Morgan & Morgan said in a statement that their aim was “to hold the bank accountable for these alleged violations to ensure this practice ends and never happens again.”
Unpaid overtime is a common charge, especially in banks. They can also be very costly. Wells Fargo settled claims last year that California’s home mortgage experts were improperly paid under a commission-based compensation structure.
The bank paid $35 million to settle overtime claims brought by nearly 9,000 workers nationwide in 2020. Both cases were denied by Wells Fargo.
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