The recent news report concerning the lawsuit by the City of Philadelphia against Wells Fargo & Co has sparked different reactions. The City is accusing the bank of violating Fair Housing Act of 1968 through the issuance of loans to minority mortgage borrowers. The practice has been considered unfair and unacceptable.
Karl Heideck, a Philadelphia-based attorney, explains that the practice that Wells Fargo is alleged to have used is redlining dates back in the 1930’s. It involved banks drawing red lines around neighborhoods that they don’t want to extend loans to. It is constitutionally acceptable, but illegal when it’s done on the basis of race or ethnicity.
About Karl Heideck
Karl Heideck, a Philadelphia-based attorney specializing in litigation, compliance, and risk management. He has been listed by Hire Counsel since April 2015. He is renowned in Philadelphia due to his good and consistent service to his clients. He has an excellent experience, and he has earned his reputation in more than ten years of practice within the Philadelphia vicinity. Karl Heideck has a commendable record of successful execution of legal matters making him among the best in the region. He is also a prolific legal writer, and he uses online platforms to elucidate contemporary legal issues and news to educate people of Pennsylvania.
Karl Heideck holds a Bachelor of Arts degree from Swarthmore. He started his career as an attorney at Pepper Hamilton LLP and later on joined Conrad O’Brien as an associate. During this period, he gained valuable experience as he worked with other world-class advocates. Karl Heideck is today considered as one of the most successful litigators and his hard work and the willingness to inspire is greatly admired by youths in the region. He has excellent communication and analysis skills that have helped him to gain reputation and popularity within a short period.