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Exception Tracking Spreadsheet (TicklerTrax™)
Downloaded by more than 1,000 bankers. Free Excel spreadsheet to help you track missing and expiring documents for credit and loans, deposits, trusts, and more. Visualize your exception data in interactive charts and graphs. Provided by bank technology vendor, AccuSystems. Download TicklerTrax for free.

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SCOTUS reverses ruling against Labor Department

The Supreme Court of the United States has reversed the ruling of the U.S. Court of Appeals for the District of Columbia Circuit in Perez, Secretary of Labor, et al. v. Mortgage Bankers Association et al. The lower court had ruled that the Department of Labor's 2010 reversal of its 2006 interpretation that mortgage loan officers fell within the administrative exemption under its 2004 regulations on overtime pay was procedurally invalid because the Department failed to use the Administrative Procedures Act's notice-and-comment procedures. The Supreme Court ruled that the APA exempts the issuance of interpretive rules from the requirements of the APA.
 

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