Bank of America unit will pay $36 million to settle appraiser class action

Bank of America Corp's appraisal unit, Landsafe Appraisal Services, Inc. has agreed to pay $36 million to settle a class action alleging it misclassified residential real estate appraisers as exempt from getting paid overtime. According to Plaintiffs' attorneys, each of the 365 class members will recover about $100,000...