Karl Heideck is a licensed attorney based in Pennsylvania. He has extensive experience practicing in the Greater Philadelphia Area. He has a strong focus on civil litigation. Karl Heideck recently took the time to explain one of the latest lawsuits to hit the renowned bank, Wells Fargo. The bank stands accused of employing predatory tactics targeted at minority mortgage borrowers.
Between 2004 and 2014, the bank allegedly advised qualified minority mortgage borrowers into taking high-risk and high-interest mortgage loans. Consequently, the bank was unwilling to refinance these loans forcing a high number of them into default and foreclosure. This is in blatant violation of the Fair Housing Act of 1968.
At the same time, white mortgage borrowers with similar credit ratings received low-interest, low-risk loans. The action resulted in more homes in black and Hispanic neighborhoods being foreclosed. The city is claiming damages. It also wants the bank compelled to stop discriminating against minority borrowers. More than half of the city population consists of black and Hispanic communities.
The city contends that the bank’s predatory practices have negatively affected the city’s communities. Notably, property values have gone down, and crime rates have gone up.
Wells Fargo is already facing another scandal where the bank’s employees used customer details to create fake accounts inflating their sales targets. The city is enjoying precedence after the Supreme Court recently ruled against Wells Fargo and Bank of America in Miami under the same act. Karl Heideck explains that redlining, the act of zoning up neighborhoods according to ethnicity and race is illegal. The bank has maintained it has done business by the book and calls the claims unsubstantiated.
Karl Heideck attended Swarthmore College and graduated in 2003. He then went on to Temple University where he graduated with a law degree in 2009. He has a strong focus on civil litigation, contract law, and risk management. Karl Heideck consults for Grant & Eisenhower PA. He oversees discovery and review of cases related to the mortgage crash of 2008. He has also previously worked for the law firms of Conrad O’Brien and Pepper Hamilton.
Sujit Choudhry is a common name in the law industry. He has been a keen developer of the sector globally. His vast knowledge in the industry has made him serve at various levels and in different countries. His great contribution has been d brought by his experience both in the classroom and at the implementation of the constitution in the various countries.
Sujit Choudhry currently is a professor of law at I. Michael Heyman University. He has the mandate of passing his knowledge to the different students in the institution. His appointment came as of result of having worked in a similar position in various universities like the Barkley Law, Cecelia Goetz, and Scholl Law in the University of Toronto where in all the institutions Sujit had the obligation of lecturing law lessons. Having worked and achieved a lot of success in the industry, he got awarded one of the greatest honors, Trudeau Fellowship Award.
What distinguishes him from the rest of persons in the industry is his work. Despite being a lecturer he tirelessly gets involved in various countries projects of making and reviewing their constitution. Among the countries, he has worked with include the South Africa, Nepal, Ukraine, and Egypt among many other nations. He has helped the countries to come up with a better constitution.
His great achievement in the industry has been brought by the fact that he is a product of McGill University, University College of Oxford, the University of Toronto and the Harvard University. The study at the various institutions provided him with global knowledge involved in the law industry. In the institutions, Sujit was awarded many awards and honors out of his studies and other personal contributions like the leadership skills. It positioned him his serve well in the current position.
Sujit is also known for founding the Center of constitution Transitions, a unique center that would provide the learners with the knowledge of law implementation. He aims to achieve this through advisory to various countries undergoing the law making process. Based on works.bepress.com
Sujit Choudhry is such a key figure in the 21st century that is dedicated to bringing a difference in the law industry. From his various activities, we can also conclude that he has the passion for sharing his wealth of knowledge and see there is a transformation in the industry. If all persons emulated Sujit, then the nations will have better and reasonable laws. Many issues emerging out of Constitution failure could also get curbed completely.