Dealer Digest – New rules could swell dealerships’ overtime costs

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Abstract: This issue’s “Dealer Digest” reports on proposed labor rule changes that would raise the level of pay at which certain types of employees are considered to be exempt from receiving overtime pay. Also highlighted is National Automobile Dealers Association data showing that dealerships’ average net profit margin lags behind that of other retailers, along with a legislative bill that would revoke Consumer Financial Protection Bureau lending guidance.