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US here. I've only ever seen bi-weekly and twice-monthly.
Overtime is a given (legally required) for hourly work; however there are a lot of shenanigans employers do around timecards that does not get nearly as much enforcement as it should.
It also typically takes about a month from when you start working to when you get your first paycheck. Paychecks normally come between 1 and 2 weeks after the pay period ends; and your first pay check tends to be extra delayed. Having said that, the one time this was a problem for me, I was able to walk into the HR office and get a hand written check on the spot (no clue how common that is).
While I completely agree, to be clear, there’s no requirement for overtime pay for salaried workers, and this is widely abused by companies
My brother works in a unionized industry and is the only exception I know: as a salaried employee he is not part of the union but he does get some union-driven benefits …. Not that he’ll ever admit that