FASB’s Invitation to Comment – Agenda Consultation
SIFMA provided comments to the Financial Accounting Standards Board (FASB) on its Invitation to Comment - Agenda Consultation (the “ITC”).
Summary
Whether an underwriter who is tasked with approving loans, in accordance with detailed guidelines provided by his employer, is an administrative employee exempt from the overtime requirements of the Fair Labor Standards Act (FLSA).
Counsel of Record:
Weil, Gotshal & Manges LLP
767 Fifth Avenue
New York, NY 10153
Allan Dinkoff
Other Amici on SIFMA’s Brief :
U.S. Chamber of Commerce
American Bankers Association
Mortgage Bankers Association
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