In the city of brotherly love, Wells Fargo Co. has been accused of forcing minorities into riskier loans. The Population is made up of over 50% minorities! The allegations against Wells Fargo have far reaching consequences as it has been reported to have damaged the cities economy when the bank denied the borrowers the option to refinance, thus leading to many foreclosures in minority dominant neighborhoods. This is just one of a series of allegations and lawsuits Wells Fargo is dealing with. Many of the lawsuits and allegations are finding their footing under the Fair Housing Act. The allegations seem to be focused on finding direct evidence of predatory or discriminatory lending practices and the damage that is caused by such practices.
While Wells Fargo denies any such allegations and insists that they adhere to fair lending practices, a lawsuit in the city of Miami, Florida suggests otherwise. A supreme court justice ruled that the city of Miami could sue Wells Fargo and other lenders Under the Fair Housing Act. The heat seems to only be turning up for Wells Fargo as they are still trying to recover from other scandals unrelated to the Fair Housing Act or the city of Philadelphia.
Karl Heideck, a devoted Philadelphian attorney with a passion for the people. His research and work includes breaking down the laws for layman, and explaining current events in the legal world of Philadelphia. Karl Heideck’s work has helped a good portion of the one and a half million people residing in the city of brotherly love. Karl’s service has focused on everything from big banking to the mortgage crisis of 2008.
Karl Heideck has quite the list of personal accomplishments to boast about. From being a Hire Counsel listed attorney since 2015, just six years after earning his Law degree from the very reputable Temple University. Anyone would find it nigh impossible to not appreciate the work he has done for his city, and the state of Pennsylvania. He is dedicated and hardworking, as his accolades can attest.