Ari Karen

Ari Karen, an attorney at Offit Kurman, has counseled several mortgage banks and financial services firms on the development and implementation of policies and procedures related to allowing institutions to remain compliant with wage hour laws. He counsels clients in proactive and practical means of compliance with technical wage-hour laws and other labor and employment regulations. His litigation expertise includes unfair competition, fiduciary breach, partnership disputes, worker misclassification and minimum wage and overtime claims in all state and federal trial and appellate courts. He has spoken at several industry conferences.

Recent Stories From this Author

Lenders Get a Break on Background Checks
April 14, 2014 The rock and hard place between which lenders have found themselves in regard to the use of hiring screens and disparate...

How LO-to-LO Referrals Become Problems
April 7, 2014 The Consumer Financial Protection Bureau prohibits actions aimed at circumventing loan officer compensation rules. One example...

The Dangers of a QM Loan Gone Non-QM
March 31, 2014 The lender can experience problems selling a loan that loses qualified mortgage rule's protection. The lender also could be...

And the Fraud Claims Keep Coming...
March 24, 2014 Lenders should avoid repeated mistakes in their process as they could be used as evidence of a fraudulent intention to...

New Minimum Wage, Overtime Orders Could Haunt Lenders
March 17, 2014 For lenders who use the administrative exemption or who have exempt branch managers, the new regulations will impact the base...

'Reasonableness' Standard Will Set a High Bar for Lenders
March 10, 2014 Over the last year several decisions and regulatory actions suggest industry standards are soon going to become the way of...

Don't Push Your Luck with QM
March 3, 2014 A technical reading of the rule supports excluding charges by a broker's title affiliate from the 3% fee cap. But without a...

The Hazards of Reimbursing Branch Managers for Expenses
February 24, 2014 Lenders should be aware auditors are focusing on 1099 payments due to the concern that the payments could be a vehicle for...

A Small Victory for Lenders on Loan Officer Pay
February 18, 2014 A jury found a particular loan officer was exempt from minimum wage/overtime requirements because her work involved "outside...

The Unseen Risks of Open-Ended Loans
February 10, 2014 Lenders should consider carefully the potential for originators to steer borrowers from closed-end products into open-ended...

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