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Bank of America might have improperly failed to pay the work related expenses of its mortgage loan officers in California.
Investigation Source
- California
Investigation Scope
Category Information
Investigation Topics
- Failure To Pay Business Expenses
- Improper Deduction From Paycheck For Business Expenses
Product or Service
- Loan Officers or Mortgage Loan Officers
Injury Type
- Monetary Loss
Investigation Details
Investigation and pending class action lawsuit against Bank of America on behalf of current and former mortgage loan officers and account executives employed in California by Bank of America between October 2003 and the present, who incurred expenses related their work and who were not reimbursed by Bank of America.
The mortgage loan officers and account executives are seeking reimbursement for expenses such as mileage, cell phone usage, promotional materials, internet usage, meal and entertainment expenses, and home office expenses.
The employees are also seeking reimbursement for deductions from their pay, including closing costs, underage charges, uncollected/waived fee charges, misquote and rate lock failure charges, and curtailment charges.
The mortgage loan officers and account executives are seeking reimbursement for expenses such as mileage, cell phone usage, promotional materials, internet usage, meal and entertainment expenses, and home office expenses.
The employees are also seeking reimbursement for deductions from their pay, including closing costs, underage charges, uncollected/waived fee charges, misquote and rate lock failure charges, and curtailment charges.
Defendant Details
| Name (Stock Symbol) | Brief Description |
|---|---|
| Bank of America N.A. (BAC) | Bank of America N.A. is one of the largest banks in the world offering a complete menu of financial services to consumers and businesses worldwide. |