PNC settles overtime suit for $16M – CPBJ

PNC settles investor class action suit for million. potential claims brought against it by plaintiffs.A PNC representative did not return calls seeking comment on the settlement. In.

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A recent lawsuit against PNC Bank alleging the bank violated truth in lending and racketeering laws has tentatively settled. An arbitration panel appointed by a federal judge will determine the amount of the final settlement. PNC wants to pay just $24 million while the bank’s affected customers are demanding $70 million. The case began in 2003.

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PNC to pay $16M to settle overtime lawsuit. clint hurdle sees bright future for Pirates’ pitching staff. Kenny Chesney works to clean up St. John as Pittsburgh officials tamper tailgating mess. Subscribe Place an Ad. Feedback Contact Us .

PNC Bank NA has agreed to pay $16 million to settle Fair Labor Standards Act claims brought by a collective of mortgage loan officers who claim they were denied overtime pay and a proper.

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The payoff amount was provided by PNC on 3/22/2018. However, PNC withdrew the monthly loan payment amount from my bank also on 4/3/2018. When I contacted PNC to return the over payment, PNC equipment finance’s customer service ([email protected]) emailed me that the over payment amount ($564.26) will be refunded to my bank account by May 2nd.

PNC Settles LO Overtime Lawsuit. Originators alleged PNC failed to properly pay overtime. april 11, 2017. A settlement has been reached in a lawsuit alleging that The PNC Financial Services Group Inc. failed to properly pay overtime to loan officers.

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PNC Bank NA on Friday reached a $7 million settlement of a class action brought by mortgage loan officers accusing the bank of misclassifying them as overtime-exempt employees and making improper.

PNC Bank has agreed to pay $16 million to settle claims that it did not fairly pay some of its employees for overtime work, according to documents filed in Pennsylvania’s Western District Court.