Minneapolis-based U.S. Bank Dec. 8 agreed to pay $3.8 million in back wages to 2,815 employees, resolving U.S. Department of Labor allegations of improper overtime classifications under the Fair Labor Standards Act.
Labor Department investigations at U.S. Bank branches in Colorado, Idaho, Minnesota, and Washington concluded that the company improperly classified its “personal bankers” as exempt from overtime requirements under the FLSA.
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