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PNC Bank has agreed to pay $16 million to settle claims that it did not fairly pay some of its employees for overtime work, according to documents filed in Pennsylvania’s Western District Court.
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The Ally settlement was related to discrimination in auto loans by charging about 235,000 minority borrowers higher interest rates than white borrowers received. The $35 million will go into a fund as restitution to affected victims. The settlement is related only to loans made by the former National City, not to PNC’s mortgage lending practices.
The PNC Financial Services Group, Inc. PNC has agreed to pay atleast $24 million to settle a class-action lawsuit against Community Bank of Northern Virginia. The Community Bank was purchased by.
PNC Settles LO overtime lawsuit. originators alleged PNC failed to properly pay overtime. April 11, 2017. A settlement has been reached in a lawsuit alleging that The PNC Financial Services Group Inc. failed to properly pay overtime to loan officers.
PNC Bank settles overtime lawsuit for $16M. By: serpe firm. Jan 16, 2017. PNC Bank has agreed to settle an overtime suit filed by employees. The company will pay $16 million to workers who say they were not fairly compensated for their overtime.
(Pittsburgh) — PNC Financial Services Group will pay at least $24 million to settle class-action claims that a Virginia bank it acquired charged excessive fees and kicked back money to a mortgage.