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ABA Issues Staff Analysis on Overtime Final Rule

ABA has published a members-only staff analysis of the Department of Labor’s final overtime rule—a rewrite of the 2016 rule issued under the Obama administration that never took effect due to a federal judge’s ruling later that year. The final rule adopted many of the recommendations that ABA made in prior comment letters and that bankers advocated for during listening sessions held by DOL last fall. It will take effect Jan. 1, 2020.