Once the transaction closes, Oriental will have a diversified loan portfolio totaling $7.2 billion, deposits of $7.9 billion, and approximately 500,000 customers.
“Employers should know that the U.S. Department of Labor takes misclassifying employees as independent contractors very seriously. Attempts to avoid complying with the law will be met with litigation to ensure that workers receive the wages they’re owed.”
— Jeffrey S. Rogoff, regional solicitor, U.S. Labor Department