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PNC settles overtime suit for $16M – CPBJ Law360, Los Angeles (January 5, 2017, 10:34 PM EST) – 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.

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PNC Pays Mortgage loan officers m – Overtime Lawsuit PNC Bank will pay its some of its mortgage loan officers $16 million to settle a lawsuit brought under the Fair Labor Standards Act. The mortgage brokers claimed they were denied overtime and proper commissions. The case was originally filed by 4 loan officers in August, 2015.