In 2003 Karl Heideck graduated from Pennsylvania’s Swarthmore College with an Bachelor of Arts in English language and literature degree. He also attended Philadelphia’s James E. Beasley School of Law at Temple University in 2009 where he received a law degree. He has been working in the Philadelphia area for more than 10 years. Currently, he works as an attorney at the prestigious law firm of Grant & Eisenhower PA.
Attorney Karl Heideck is a highly regarded litigator, consultant, and adviser who retains a daily blog designed to help his peers on litigation matters and he breaks-down legal news and its impact on the residents of Pennsylvania. His areas of expertise extensively covers legal matters including product liability cases, employment proceedings, commercial and banking litigations, and security fraud.
Karl Heideck aptly reviews transactions related to the mortgage crisis of 2008 where purportedly redlining by banks drew imaginary red lines around neighborhoods, mostly involving low income families. Redlining represented people whom banks did not want to extend loans to. One such news event that Attorney Heideck has highlighted is Philadelphia’s lawsuit against the Wells Fargo Bank.
With existing charges against Wells Fargo for creating fake customer accounts, Wells Fargo is also being accused of violating the Fair Housing Act of 1968 which involves using unfair lending practices geared toward minority mortgage borrowers. The 2010 U.S. Census sites Philadelphia as having a large minority population where 43% of its residents are African-American and 12% are Hispanic.
Wells Fargo is accused of maneuvering Philadelphia minority mortgage borrowers into riskier loans with higher interest rates that are far riskier than the lower risk and interest mortgages approved for the bank’s white borrowers. The City of Philadelphia’s complaint also alleges that this type of action by Wells Fargo forces minority families into foreclosure causing blight in many neighborhoods. The Philadelphia vs. Wells Fargo complaint has the city asking for monetary damages along with an injunction to stop the bank from using a lending discriminatory practices.
Learn more about Karl Heideck: http://www.phillypurge.com/2017/08/23/karl-heideck-examines-the-newest-car-seat-laws-in-pennsylvania/