Nowadays, majority of disputes that require the services of a lawyer do not need to go through trial. This is because most cases are settled outside the court where majority end up through settlement. However, in recent news from PhillyPurge.Com, it was reported that the city of Philadelphia had filled a lawsuit against Wells Fargo bank. Fargo was accused of violating fair housing act of 1968, where it used predatory lending practices that was aimed at minority mortgage borrowers. The lawsuit was filed on May 15 at the U.S district Court.
The city alleged that the bank had raised their interest rates to shocking heights on its clients even though they were qualified for low interest mortgages. Additionally, the city accused Fargo Bank for making it impossible for its clients to pay their mortgages and borrowers to pay their debts. Further, in order to support they case fully, the city officials had conducted full investigations a year before making the filing the complaint. According to the city’s statistics, Philadelphia is the fifth biggest city in the U.S. As a result, the city claims the bank should provide loans at a low interest rate since there is a high population. In their defense, they claimed the allegations were unsubstantial.
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About Karl Heideck
Karl is one of the best litigation attorney’s based in Philadelphia. The 2009 graduate from Temple University Beasley School of Law focuses on delivering legal practices in civil litigation related areas. Additionally, Karl offers compliance and risk management services throughout Philadelphia.
Though currently working as an attorney at a law firm of Grant & Eisenhower PA, Karl Heideck involves himself with other litigation duties. Apart from his lawyer profession, Karl is also a devoted writer in one of his blogs. In his blog, Karl works on providing education on legal matters.
Learn more about Karl Heideck: http://thereisnoconsensus.com/career-spotlight-litigation-karl-heideck/