Although on-line lending giant E-Loan’s website claims “Expect Fairness,” apparently that didn’t apply to 506 originators that settled a class action suit against the lender claiming they were not paid overtime.

According to the East Bay Business Times, U.S. District Judge Susan Illston granted preliminary approval of the settlement on Jan. 11. The suit claimed that E-Loan did not pay the workers overtime or provide them with meal and rest breaks. The employees sold loans, prequalified borrowers and processed applications.

Although, according to published reports the lender claims they did nothing wrong they have agreed to pay the plaintiffs $13.6 million dollars

Originator Times