Supreme Court Upholds That Mortgage-Loan Officers Are Not Exempt Under The FLSA
In Perez v. Mortgage Bankers Ass’n, 135 S. Ct. 1199 (2015), the Supreme Court held that the Administrative Procedure Act (“APA“), 5 U.S.C. § 500 et seq, does not require federal government agencies to use formal notice-and-comment rulemaking procedures when issuing a new interpretation of an existing regulation. This ruling upheld a regulatory interpretation that […]