Karl Heideck Discusses Wells Fargo Lending Practices

Philadelphia attorney Karl Heideck has been called upon to explain a lawsuit filed by the city of Philadelphia against Wells Fargo bank. At the heart of the lawsuit is a contention that Wells Fargo is engaging in practices that violate the Fair Housing Act of 1968.

The city of Philadelphia contends that Wells Fargo is engaging in unfair lending practices that impact minorities. Specifically, the bank is only making available high-interest rate, high-risk home mortgage loans to minority borrowers. This is occurring even though these individuals fully quality for more favorable traditional home mortgage loans.

The alleged conduct by the bank is akin to what historically has been called redlining. Redlining is a practice by some banks that started in the 1930s. Banks literally would draw redlines around certain neighborhoods. These institutions would refuse to lend money for home purchases in these neighborhoods. These were neighborhoods with minority populations.

The lawsuit involving the City of Philadelphia represents only the latest in a series of controversies surrounding this large bank. Last year, Wells Fargo made headlines when its employees were found to be setting up fake accounts, using actual customer information. The bank’s employees were engaging in this inappropriate conduct to meet sales quotas established by the institution.

Karl Heideck has been practicing law in Philadelphia, and throughout Pennsylvania, for over a decade. He obtained his law degree from Temple University. Before attending law school, Heideck graduated from Swarthmore College, with a degree in English language and literature.

Heideck is a skilled litigation attorney. He also practices in the commercial, products liability, and employment law arenas. Karl Heideck provides representation to clients in the areas of regulatory compliance and risk management as well. He has established a solid reputation for his abilities in legal research and writing. These are crucial skills for an attorney, including a litigation lawyer.

For more information about Karl Heideck, just click here.

Ricardo Tosto: A Prominent Business Law Attorney

If you want to stay in compliance with the rules and regulation of the business world, it is advisable to retain an experienced lawyer. A knowledgeable business law can provide the legal advice and guidance you need to operate successfully.

There are some common types of business litigation disagreements that affect entrepreneurs and business owners nowadays.

Fraud litigation often involves a single party enticing a partner or another establishment into a misleading contract or deal for personal or professional gain.

Partner and shareholder misunderstandings are common. For business owners facing potentially damaging repercussions from shareholder or partnership conflicts, it is very important to involve a professional to come up with an offensive technique to deal with these disagreements.

Insurance litigation needs to be handled by a capable business enterprise lawyer or attorney. Legal professionals can easily help business owners with misunderstandings over coverage between the insurers and the insured.

Organization Purchases definitely require the expertise of a qualified legal professional. This includes the legal transfer, sale, or mergers and acquisitions of an organization from one company to another.

Franchise Issues should be handled appropriately. When developing new brokering agreements, franchisees, etc., many times a company litigation expert will be hired to handle the whole process on behalf of the business enterprise owner.

Ricardo Tosto , a top rated business litigation lawyer, put his years of experience to work for businesses and individuals facing complex litigation in Brazil. Ricardo Tosto regularly represents clients who are involved in breach of contract, shareholder disputes, and other business and corporate law matters.

In 22 years since Ricardo Tosto began practicing law, he has established a great reputation and is well respected in the legal community. Mr Ricardo Tosto has written extensive about business and corporate law in Brazil and has gained worldwide recognition due to his outstanding record.