Karl Heideck Has Vast Experience In Matters Of Law

In the recent past, the City of Philadelphia filed a case against Wells Fargo & Co. bank for violating the 1968 Fair Housing Act by using predatory lending practices meant for minority mortgage borrowers. However, Well Fargo denied the allegations contending that the lawsuit was unsubstantiated and that it dealt with fair practices. The lawsuit is one among many that have been filed against the company. The bank is recovering from the 2016 scandal that involved its bankers using customers’ names to open bogus accounts. In the lawsuit, the City of Philadelphia alleged that Wells Fargo Bank; based in San Francisco, lend money to Hispanic and Black borrowers at riskier high interest loans even though they were qualified for lower-risk and lower-interest mortgages.

Karl Heideck, a respected attorney specializing in compliance, risk management, and civil litigation, explained that Wells Fargo was engaged in redlining practices. This practice started in the 1930s. Banks draws red lines around neighborhoods to avoid extending loans to their residents. Redlining is constitutionally prohibited if it is done because of the borrower’s race or ethnicity. In the case of Wells Fargo, the bank refused to offer loans to creditworthy borrowers due to their race and their neighborhoods. Karl posits that the city is seeking to stop the discriminatory practices espoused by Wells Fargo.

As an attorney, Karl Heideck has gained much experience in filling lawsuits for his clients and responding to complaints. In addition, he has vast knowledge on the entire litigation process, including pretrial, obtaining personal jurisdiction, and post-trial. His litigation experience includes appealing, and filing responses and motions for defendants. As a successful litigator, Karl Heideck has strong research skills as well as negotiation and interrogation skills. Moreover, he explains legal terminologies, laws, and court rulings to his clients.

Karl’s legal journey in Pennsylvania has broadened his presence in his home state, and enhanced his reputation. As a board certified and licensed litigator, Karl Heideck has worked for more than seven years in Philadelphia’s legal industry, including the private legal sector. His services ranges from risk management advisement and compliance consulting to tenacious representation in product liability, corporate law, employment proceedings, and commercial litigation. He is also a prolific writer. Through his blog, he explains modern legal trends and the various issues that affect the populace on matters of law. Karl graduated with his Bachelor of Arts degree from Swarthmore College in 2003. In 2009, Karl Heideck earned a Juris Doctor from James E. Beasley School of Law, Temple University.

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