The resulting CAT reports, available exclusively to participating clients, provide a comprehensive and insightful account of the legal industry that can help: Last year, Wells Fargo announced an $11 million grant to 19 national legal aid organizations and consulting agencies working to house people. Recipients of Wells Fargo Foundation grants to support legal advice for tenants at risk of eviction include: Through this unique Wells Fargo Foundation initiative, grants enable organizations to provide free or low-cost legal advice and representation to those facing eviction, advance advocacy, and find solutions to mitigate evictions in the United States. also for people of color, who are disproportionately affected by the economic downturn caused by COVID-19. Lawyers who manage client funds must keep these funds in IOLTA accounts until they can be provided to a client. TAJF receives funds from the interest generated by these accounts and uses the money to distribute grants to legal aid providers throughout the state. “Many Texans face severe economic hardship, including evictions and domestic violence, and simply don`t have the resources to hire a lawyer,” said Deborah Hankinson, executive director of the Texas Access to Justice Foundation. “By paying higher interest rates on IOLTA accounts, Prime Partner banks are helping low-income Texans access basic and essential civil law services. We welcome a well-known and leading financial institution like Wells Fargo to the Prime Partner program. AUSTIN, Texas, Nov.
29, 2022 /PRNewswire/ — The Texas Access to Justice Foundation, the largest source of government funding for civil legal aid, today announced that Wells Fargo is the latest and one of the largest banks to join the Foundation`s Prime Partner Banking Program, an important step toward facilitating access to legal aid for thousands of Texans. Funding from this program helps TAJF provide legal aid to more than 100,000 Texans nationwide each year. The grant is the largest the company provides for a single eviction prevention programme at the national level. It will help fund Iowa Legal Aid`s Eviction Diversion Project, which provides legal services and rent assistance to Iowans facing homelessness. SAN FRANCISCO–(BUSINESS WIRE)–Up to 40 million U.S. tenants affected by the COVID-19 economic downturn could be evicted after federal rent protection ends, according to a study by the Aspen Institute and the COVID-19 Eviction Defense Project. In response to this emerging crisis, and as part of its $175 million commitment to COVID relief, Wells Fargo is donating $5.4 million in grants to 15 legal aid organizations dedicated to housing individuals and families through services and advocacy. A Harvard study showed that two-thirds of tenants represented by an attorney are more likely to avoid an eviction order and stay in their homes. Cerra, a former legal aid employee, worked with Daly and the housing lawyers to develop the partnership. The goal of the project is to negotiate settlements with the owners or find legal defenses that allow the client to significantly reduce the amount owing.
Shaunie`s case was a perfect fit. Wells Fargo & Company (NYSE: WFC) is a diversified community financial services company with $1.98 trillion in assets. Wells Fargo`s vision is to meet the financial needs of our customers and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and trade finance services in 7,400 locations, more than 13,000 ATMs, Internet (wellsfargo.com) and mobile banking, and has offices in 31 countries and territories to support customers operating in the global economy. With approximately 263,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company ranked 30th in Fortune`s 2020 ranking of the largest U.S. companies. Wells Fargo news, ideas, and perspectives are also available on Wells Fargo Stories. “Wells Fargo is committed to our communities, and one way to do that is to support the Texas IOLTA program, which funds legal services for thousands of at-risk Texans,” said Liesl Brown, senior head of product management at Wells Fargo. “We are proud to become a lead partner and hope that the additional funds generated will significantly change the lives of people who need civil legal assistance. The Texas Access to Justice Foundation, established in 1984 by the Texas Supreme Court, is the state`s primary source of funding to provide civil legal assistance in Texas.
The organization is committed to the vision that all Texans have equal access to justice, regardless of income. The foundation manages various funding sources that help nonprofits provide legal aid to approximately 100,000 Texas families each year. For more information, see: www.teajf.org “Legal lawyers play a critical role in enforcing tenants` rights and preventing evictions,” said Shamus Roller, executive director of the National Housing Law Project. “Preventing evictions and respecting tenants` rights are important issues of racial justice, given our country`s long history of segregation and the inequities that exist in our current housing system. Evictions have always endangered the health and well-being of families, but COVID-19 has raised the stakes and demonstrated the importance of eviction defence and rent assistance. Tenants who need help understanding the new moratorium, completing their declaration form, or having questions about eligibility should contact a legal service provider. Lead partner banks and credit unions voluntarily pay higher interest rates on lawyers` trust accounts, a method of raising funds for civil legal aid, and support for improving the justice system. Prime Partner financial institutions pay 75% of the target federal funds rate on IOLTA accounts, well above the eligibility requirements for banks participating in the IOLTA program. Legal Services of North Dakota is a beneficiary of the Legal Services Corporation and therefore provides free legal aid to low-income or elderly individuals. North Dakota Legal Services does NOT bill clients for legal services.