On May 15th, the City of Philadelphia opened a lawsuit against Wells Fargo & Company. The claim is stating that Wells Fargo has been violating the 1968 Fair Housing Act. The city says they have manipulated African American, Hispanic and other minorities into accepting riskier deals on loans and mortgages that resulted in a large portion of foreclosures. This is only the most recent Scandal the bank has been involved in. They’re still trying to rehabilitate from the “fake customer account” scandal where bank operators created fake profiles to meet a certain criteria. Most of the banks scandals are considered redlining. An illegal practice where banks target a specific area or demographic that they don’t want to loan to. The same attorneys used for that case are also representing Philadelphia, says Karl Heideck.
Karl Heideck is an attorney that specializes in risk management, compliance and litigation. He is based in Philadelphia and began working for Grant and Eisenhower PA. His work is based around bank fraud/security and any issues dealing with 2008 and its mortgage disaster. Heideck has also worked for Pepper Hamilton LLP as a project attorney, Hire Counsel and was also an associate for Conrad O’Brien. His skills include civil and commercial litigation, mediation, arbitration and intellectual property. Along with his work, Mr. Heideck also writes different articles to explain different aspects of law in order to help the public get a better understanding on certain topics.
Karl Heideck attended Swarthmore College from 1999-2003 and Temple University James E Beasley School of Law from 2006-2009. During these years, Heideck received a Bachelor of Arts for English language and literature and letters from Swarthmore. He also made the dean’s list at Temple University where he graduated with a JD in Law. Karl Heideck has many profiles that are open to the public like LinkedIn, Legal Directories, and Martindale. These sites provide links to more of Karl’s articles, other profiles and give a more in-depth explanation of what he does and his legal background.
Learn more about Karl Heideck: http://thereisnoconsensus.com/career-spotlight-litigation-karl-heideck/