On August 31, Federal District Judge Amos Mazzant of Texas issued a ruling striking down the U.S. Department of Labor’s update to federal rules on overtime pay. Demos Associate Director of Policy and Research Amy Traub released the following statement:
Dēmos strongly supports updating federal regulations to restore and extend overtime protections. However, we urge the Department to finalize a stronger rule than the one proposed.
Today's ruling is a powerful affirmation: the CFPB stands as a fortress against financial predators, especially crucial for communities of color battered by decades of discriminatory banking practices.