Marco Antonio Marques da Silva was born in 1958 in a city called Itapetininga. He had decided to pursue a career in law while at the age of fifteen. He did everything with a dream of becoming a world-class lawyer. Today, he happens to hold a bachelors of law degree from the famous Pontifical Catholic Univesity. He graduates from the University in 1981. He later enrolled in the same school and pursued a masters in law and had graduated by the year 1991. Then in 1995, he graduated with a Doctorate in Law from the University of Sao Paul. He also possesses a degree in teaching from the same University of Pontifical Catholic in 1999. In 2005, he graduated from the University of Coimbra with a post-doctoral degree in Criminal Law and European Economy. The university is based in Portugal and happens to be the best in the world.
Marco Antonio has been able to serve as a professor at the Pontifical Catholic University(2003). He was able to become a tenured professor of law at the said University and was able to teach Criminal Procedure Law. He also happens to be the head of research on matters to do with human dignity and also the rule of law at the famous PUC based in Sao Paulo.
Antonio is also the coordinator of the Centre for Research in Criminal Procedure law that is within the Post Graduate law programme at the Catholic University of Sao Paulo. He is also the president of the famous Sergio Vieira de Mello. He also happens to have been the president and also the chairman of Communication and Press Committee of the Courts of Appeal of Sao Paulo.
He also happens to be at the committee of Institutional Affairs between the faculty of law and also the Court of Appeals. He has been known for being a great intellect who understand a lot of things about law. He is also very passionate about career growth and also progress and is all willing and committed to shaping his career to greatness. He is passionate about growth and achievements in all his endeavors.
The city of Philadelphia filed a suit against Wells Fargo and Co. on May 15th, 2017, stating that they had violated the Fair Housing Act of 1968. Karl Heideck, an attorney with Grant & Eisenhower PA law firm, explains the allegations and the ongoing problems with Wells Fargo.
The city of Philadelphia stated that the San Francisco based Wells Fargo Bank has steered Hispanic and African American borrowers towards loans that have higher interest rates even when they should have qualified for mortgages that had lower interest and lower risk. They further allege that the bank has made it more difficult for these borrowers to then refinance their mortgages, which has led to a higher rate of foreclosure in these populations when compared to Caucasian borrowers.
The city of Philadelphia investigated these claims for a year before filing, utilizing data from the last ten years. They found that African American borrowers were more than twice as likely to receive higher interest loans when compared to Caucasian borrowers while Hispanics were 1.7 times more likely to be offered risky loans. These comparisons were drawn from borrowers who all had a FICO score of 660 or higher.
This process is called redlining, which is a discriminatory practice that dates back to the 1930’s that is now illegal. Banks used to draw red lines around different neighborhoods that they didn’t want to extend loans to, usually due to a number of minorities that were living in this neighborhood. In this case, Wells Fargo is alleged to have denied lower interest loans to borrowers due to their race or the neighborhood that the borrower lived in.
This lawsuit is another huge blow to Wells Fargo. The bank is still trying to recover from a scandal in 2016 where bankers were creating fake accounts so that they could meet their sales goals. The bank is fighting these current allegations, stating that they are unsubstantiated. Wells Fargo has not yet filed a written legal response to the complaint or the city’s request for monetary damages of an unspecified amount as well as an injunction against Wells Fargo to stop them from following discriminatory lending practices.
Karl Heideck has previously focused his legal practice on risk management, civil litigation, and compliance and currently serves clients throughout the Philadelphia area. He now focuses on risk management, liquidity, acquisitions and transactional issues related to the 2008 mortgage crisis at Grant & Eisenhower PA.