PNC settles investor class action suit for $30 million. potential claims brought against it by plaintiffs.A PNC representative did not return calls seeking comment on the settlement. In.

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(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.

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 · PNC Bank will pay its some of its mortgage loan officers $16 million to settle a lawsuit brought under the Fair Labor Standards Act. The mortgage brokers claimed they were denied overtime and proper commissions. The case was originally filed by 4 loan officers in August, 2015. PNC employs loan officers throughout the United States.

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The payoff amount was provided by PNC on 3/22/2018. However, PNC withdrew the monthly loan payment amount from my bank also on 4/3/2018. When I contacted PNC to return the over payment, PNC equipment finance’s customer service ([email protected]) emailed me that the over payment amount ($564.26) will be refunded to my bank account by May 2nd.

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LOS ANGELES – PNC Bank recently agreed to a $16 million settlement to resolve an ongoing class action overtime pay lawsuit with mortgage loan officers over allegations that the company used a variety of methods to cheat workers out of hard earned overtime. The settlement covers an estimated 3,400 loan officers across the country with compensation based on the number of weeks each class.

PNC settles overtime suit for $16M – CPBJ DOL Proposes Changes to Overtime Rule.. WI Shipyard Settles First lead exposure suit. A Wisconsin shipyard has settled one of a number of lawsuits filed in the past two years by workers alleging they were exposed to.

PNC Financial Services traces its history to the Pittsburgh Trust and Savings Company which was founded in Pittsburgh, Pennsylvania on April 10, 1845. Due to the long recovery from the Great Fire of Pittsburgh, PNC was not fully operational until January 28, 1852. It originally opened offices at Liberty Avenue and 12th Street.

 · PNC settles overtime suit for $16M. 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.