23
January
Rocket Mortgage Faces Class Action Lawsuit Over Alleged Failure to Pay Overtime
Amidst a market downturn, mortgage lending company Rocket has been hit with a class action lawsuit for allegedly failing to provide overtime compensation to its bankers. Rocket yielded its position as the largest mortgage lender in 2022 when the Fed increased interest rates, subsequently increasing mortgage rates. In an attempt to condense its business expenses, Rocket offered two voluntary buyout programs, in April and August, for employees ready to part ways from the company with a severance.
Following their leave, a