Wells Fargo Loan Underwriter Overtime Class Action Lawsuit

Wells Fargo Loan Underwriters have filed a class action lawsuit against the bank, alleging it fails to pay them overtime or give them breaks.

The Loan Underwriters allege in the Wells Fargo overtime class action lawsuit that since at least May 2008, the bank has had a “consistent policy” of permitting, encouraging or requiring its allegedly overtime-exempt Loan Underwriters to work over eight hours per day and over 40 hours per week without paying them overtime compensation, as required by California’s wage and hour laws.

The class action lawsuit further alleges Wells Fargo illegally denies Loan Underwriters meal and rest periods and fails to provide them accurate semi-monthly itemized wage statements reflecting the total number of hours they worked, the applicable deductions, and the applicable hourly rates in effect during the pay period. The complaint also alleges Wells Fargo fails to pay its Loan Underwriters in a prompt and timely manner after they are terminated.

The Wells Fargo Loan Underwriter class action lawsuit is brought on behalf of all persons who were employed as salaried Loan Underwriters by Wells Fargo in one or more of the banks’ retail banking locations in California at any time after May 24, 2008.

It is seeking damages and/or restitution for the amount of unpaid overtime compensation, including interest and penalties, for the proposed class, as well as one hour of pay at each employee’s regular rate of compensation for each workday that a meal or rest period was not provided. It is also seeking a cease and desist order enjoining Wells Fargo from further denying its Loan Underwriters overtime pay or meal and rest periods.

The Wells Fargo Loan Underwriter Overtime Class Action Lawsuit is Bridgette Williams v. Wells Fargo & Company, et al., Case No. 37-2012-97895-CU-OE-CTL, Superior Court of the State of California, County of San Diego.