Wells Fargo’s Problems Go Farther

Image from San Francisco Business Times.

In recent weeks, news reports have revealed that Wells Fargo is a pillar of American greed.  It was reported that two million fraudulent checking, savings, credit and debit card accounts were opened over a period of four years. In addition to consumer fraud, Wells Fargo is also facing class action lawsuits alleging unpaid overtime and off the clock work as a direct result of the lofty sales goals that were impossible for employees to meet on a daily basis. This led to the regular practice of opening fraudulent accounts.[1]

Expanding Overtime Pay to Millions

By Ben Davis

In today’s modern workforce, employees have increasingly been working longer hours for less pay. Many of these workers are salaried employees, who are told by their employer that they do not qualify for overtime. Recently, under the Obama administration’s direction, the Department of Labor (DOL) passed new regulations that affect who is eligible for overtime payments. The DOL estimates that this will now enable approximately 4.2 million Americans to receive overtime payments, who were previously considered exempt. So who are these people and what do they do?

The Law Offices of Peter T. Nicholl

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