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BFCSA
MORTGAGE
DISTRESS SOS

What BFCSA Does...

BFCSA investigates fraud involving lenders, spruikers and financial planners worldwide.  Full Doc, Low Doc, No Doc loans, Lines of Credit and Buffer loans appear to be normal profit making financial products, however, these loans are set to implode within seven years.  For the past two decades, Ms Brailey, President of BFCSA (Inc), has been a tireless campaigner, championing the cause of older and low income people around the Globe who have fallen victim to banking and finance scams.  She has found that people of all ages are being targeted by Bankers offering faulty lending products. BFCSA warn that anyone who has signed up for one of these financial products, is in grave danger of losing their home.

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Lee Doyle

Led by award-winning consumer advocate Denise Brailey, BFCSA (Inc) are a group of people who are concerned about the appalling growth of Loan Fraud around the world. BFCSA (Inc) is a not for profit organisation in the spirit of global community concern and justice.

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doyla66

doyla66

Lee Doyle has not set their biography yet
Business opportunities for sale - One Business Brokers have been representing business sellers and buyers since 1982 and has participated in the representation of millions of dollars in business sales. Medicare supplement insurance texas - Free Health Insurance quotes online, Life insurance, Medicare Supplements, Retirement Plans Buy Health, Life, Medicare online in minutes. Auditing services - At Sakhi Consultants, we give immense opportunity to investors to bring in new investments into UAE setting up their own holding company registration and offshore companies incorporation. Pmp course - DexNova is a Professional Services firm operating in the knowledge industry and dedicated to building excellent delivery capability in organisations across Africa. Our goal is to partner with our clients to make them truly world class organisations. Cortinas cristal asturias - PRIETO METALLIC CONSTRUCTIONS offers the best and widest range of services and products on the market with great value for money, making us one...
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Dear members When I checked our email today SHOCK HORROR there was this lengthy email from Great Sites Australia promoting growth and cashflow one day seminars Australia wide hosted by a self proclaimed millionaire Dymphna Boholt. Ms Boholt has compiled a lengthy email with lots of graphs and some filmed segments. She is heavily promoting real estate and it appears to be focused towards mining towns and she claims this is the start of the next big boom( sound familiar) and is heavily promoting looking after your family and their futures.She claims to be an economist and accountant. There is no mention on how to finance this money winner, you have to attend the seminar to find out, she also claims to not using negative gearing because you will be earning so much money you won't mind paying tax. She refers to the money you supposedly earn as "Passive Income" after...
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  • doyla66
    doyla66 says #
    Yes they are all again out in force having been given the green light by they who we do not need to apportion names to or why and
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I read all these sad stories that are repeated again and again, similar to my own. This all points to a bleak outlook for the future of all our cases that may end in the loss of Time, Money and our Sanity.  No not bleak in our experience.   You need to join us. What I am after is some positive outcomes from the governing agencies....Please post your outcomes and what you feel got it across the line. How long did it take?   18 months average What could have been the pitfall?  Missing FOS deadlines Who got it over the line?  Those who followed our guidance and used the templates What was the outcome of what was stolen?   That would take further work as the LIMITS to compensation for Bank Fraud is minimized to only $280,000 and average loss which Government are aware of is $600,000.  That's why we continuing...
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  • doyla66
    doyla66 says #
    well said Nanna, your right.....LOST is a CROC Continue the fight. BRING ON A ROYAL COMMISSION & Tell every one you know whats goi
  • doyla66
    doyla66 says #
    Am in 2 minds about FOS. I don't believe they understand half of what is actually going on and are far to complacent and lax with
  • doyla66
    doyla66 says #
    Agree, Nanna. LOST is a lame load of manure. From the same staff who probably can't find their socks unless their mother or their
  • Denise
    Denise says #
    Yes we may have time to produce some statistics. One statistic bears mentioning: From 1200 people only 89 so far have reported HO
  • doyla66
    doyla66 says #
    The EDR"S are worse than the banks, with the banks you expect the worst , one goes to an EDR expecting fairness , transparency and
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..watch CBAs slight of hand while it changes loan information and unlawfully takes people's homes - if you or I did that it would be fraud and theft - with the CBA it's standard practice, beyond the law BUT every shareholder of CBA is guilty of condoning the banks behaviour - time they started asking questions - otherwise they are guilty by association - innocent people are losing their homes, their health and there future by fraudulent bank behaviour. ASIC sits like the three dumb monkeys, seeing evil, hearing evil and doing nothing!!!    Ed:  If you are a shareholder and you read stories of fraud in the Bank you have invested in.....what do you think is going to happen NEXT when the whole industry comes under a ROYAL COMMISSION???? LOST HOMES not your problem????  Its everyone's problems including the next generations who may wish to buy a home at some...
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  • doyla66
    doyla66 says #
    “Fairness” RG 139.110 “We believe a scheme’s complaints/disputes handling and other procedures must accord with the principles of
  • doyla66
    doyla66 says #
    Having 3 actions against 2 different banks currently in the FOS system, we have been surprised at the two different methods of ha
  • doyla66
    doyla66 says #
    ABC news yesterday: There is an increase in mortgage defaults, and also an increase in homelessness of aged people! So far the pre
  • doyla66
    doyla66 says #
    We are seeing the greatest con in our country's history being played out right in front of our eyes. Joe Hockey is encouraged by t
  • doyla66
    doyla66 says #
    Well said, Jill. It looks like the lack of appropriate action by government will result in people eventually taking the Law into t
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ASIC has virtually behaved like a mad guard dog biting the throats of falling prey of predatory bankers by discrediting victims of bank loan fraud.  How dare we complain about corporate thieves known as Banksters. Police know who the criminals are - they know where they work - they can see the documents riddled with fraud - they know whose finger prints are all over the fraudulent documents - they know its a time bomb and thousands have been affected.  Police know where these criminals live and where the loot is hidden - in the bonus packs. So why is there NO PROSECUTIONS?  Why are Bankers free to maraud around the suburbs stealing homes?  Where is the Justice System?  ...
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  • doyla66
    doyla66 says #
    We have committed no crime at all and yet we are being lined up like sheep to the slaughter house. What kind of Government does th
  • doyla66
    doyla66 says #
    Lisa I would like to add this. "Can it take the heartache out of losing ones's beloved home." Can it stop the gnawing pain of f
  • doyla66
    doyla66 says #
    I don't believe anything can take away the heartache of losing ones home. This is what we're facing as are others unless we agree
  • doyla66
    doyla66 says #
    They even induced me to accept toxic loan for $0 income in our signed statement of financial position of LAF. They told me that n
  • doyla66
    doyla66 says #
    I just wonder where this up and coming Senate Inquiry and the Roots and Branches inquiry are going to lead. One only prays and hop
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  Would ASIC like to tell the Australian Public why they think they need more powers??? As Senator Helen Coonan said, ASIC doesn't lack powers, it just fails to use them. We would add that ASIC uses and abuses their powers at their own discretion as they are not truly accountable to anyone! So why are we continuing to fund this outrageous organisation? Who's responsible and how do we get rid of this ASIC, an uncontrollable lawless monster from another century? In the vast experience of borrowers, investors and other consumers of financial products in this country ASIC has not served our interests - in fact quite the reverse. It is true that ASIC has the blood of honest Australians on its hands. Bottom line: ASIC doesn't work and we're not sure what it does, apart from write reports, give speeches and issue self-congratulatory media releases. The information below is a...
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                           COMMENT by 'Grandma' Sunday, 15 December 2013 My Case with COSL has now been closed! Hi Everyone, Friday I got the email I have been dreading. Our (COSL) decision on your case stands as is and this case is now closed. Case Manager No, 5 has decided in all her wisdom that Advantedge Financial Services have done nothing wrong! COSL does not handle fraud and as far as they are concerned and I quote"we are unable to make a finding of fraud,our review of unjustness (where reasonable) could only proceed on the basis that the information recorded and submitted in and along with your loan application was a true and correct representation of your circumstances at the time,WHICH WAS NOT TAINTED BY FRAUD." In other words NO HELP FROM COSL if they find fraud because they are protecting their MEMBER: ADVANTEDGE.  COSL find fraud after 18 months, which I...
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  • doyla66
    doyla66 says #
    COSL tried the "we think this is fraud and we don't handle fraud" with me also after a wait of nearly two years into a rogue broke
  • doyla66
    doyla66 says #
    I've come to the conclusion that all these agencies are playing a game of pretend. Denial, ignore and disparage. Apparently we ha
  • doyla66
    doyla66 says #
    COSL closed our case too, same reason and also that Latrobe financial did not have to abide by any Bankers code if they do not wis
  • doyla66
    doyla66 says #
    What a ridiculous scenario this is. You have handed the evidence to COSL on a plate, they know what is going on and 18 months lat
  • Denise
    Denise says #
    I am preparing the FORENSIC REPORT on this scandal for State Police, which will help them nail the CREDIT ASSESSORS. [email protected]
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johntyd Sunday, 15 December 2013 Please Explain How does doctoring loan applications to secure loans disadvantage the borrower? It means the borrower is receiving a lower interest rate relative to their real credit risk. What this practice does is to perpetrate a fraud upon bank shareholders and regulators that misrepresents the bank's loan portfolio as being safer than it actually is. If interest rates rise or realty prices fall that affect repayment or equity rates the increased prospective or actual default that will occur will see everything fall in a heap sooner than the presumed margin of financial safety. The risk here is the bank engaging in reckless lending practices - just what the GFC was all about. This services the current real estate price bubble that is going to eventually crash everything. Denise Brailey Sunday, 15 December 2013 · Yes John, the ROT RUNS DEEP. Doctoring Loan Applications is a fraud...
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Posted by on in PROPERTY MARKETS
YES FOLKS  Its illegal to expose the things that public servants and their puppet masters have been illegally engaging in.  If you are a public servant whistleblower and you try and expose your Mindless Masters for corruption and illegal activity, you will be the one hanged...................Should we bring back the STOCKS in Martin Place?  No not the ASX stocks..........................old fashioned naming and shaming in public square!...
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A new comment is posted on the blog post: BFCSA: "ASIC is only paying lip service...".... "The ANZ Bank has committed Fraud against me and my family..." http://www.bfcsa.com.au/index.php/entry/bfcsa-asic-is-only-paying-lip-service-to-the-australian-peopleBelow is a snippet from the comment that has been posted. Robin Ruth Henderson - Posted on Thursday, December 12, 2013 At this stage I have just a suspicion that ANZ has committed me unfairly to a mortgage after reading an article online published in The Australian newspaper in May 2012...about a man who got a Lo Doc loan who was a deckhand and found he'd been described on the Loan Application Form for his Lo Doc Loan as a ship's captain on $150,000.00 per annum. He defaulted on his loan, went to court and was relieved of his mortgage.For anyone else's information ...the woman who wrote the article that made me suspicious of my own situation is: Denise Brailey who runs The Banking and...
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  • doyla66
    doyla66 says #
    What you suspect is unfortunately most likely correct Robin. Do whatever is needed to obtain a copy of your LAF for far better to
  • doyla66
    doyla66 says #
    Wish you all the best, Robin. You and I and we don't deserve this illegal conduct by former pillars of society, now chief suspects
  • doyla66
    doyla66 says #
    Dave also predicts a banking collapse is around the corner, "There IS a collapse that is coming. The banks have been preparing for
  • doyla66
    doyla66 says #
    It would appear you have been caught in the web of deceit we all are totally familiar with. Keep pushing for the Loan Application
  • doyla66
    doyla66 says #
    To The Editor from Ex Nun...I will join you, I need to know how to do this.... and what a great PIC, very appropriate......"Beware
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Emails reveal special ASIC exemptions for fund managers December 9, 2013 Michael West     Business columnist  SMH Top brass at the Australian Securities and Investments Commission have claimed on a number of occasions that the corporate regulator does not do favours. However, a series of internal emails obtained by Business Day shows ASIC gave special exemptions to the funds management industry after requests by its peak lobby group. The exemptions give big fund managers relief from having to provide reasonable and appropriate advice to their customers - including disclosing the effect of fees on a fund's investment performance. In the lead-up to the Super Choice reforms in 2005, where for the first time investors would have been able to choose between low-fee industry funds and higher-fee retail funds, the Investment and Financial Services Association (IFSA - since renamed Financial Services Council) lobbied ASIC to amend the laws. ASIC duly provided exemptions...
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  • doyla66
    doyla66 says #
    Oh, definitely, Tom If you have time we have other research on this site, written by Michael West. http://www.bfcsa.com.au/index
  • doyla66
    doyla66 says #
    Well researched , the can of worms is starting to open
  • doyla66
    doyla66 says #
    Tom their too large to be worms, perhaps snakes -- reptilian of sorts, dinosaurs? Right to Information—formerly Freedom of Inform
  • doyla66
    doyla66 says #
    Thanks, Andy. Just what I needed.
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  Debt collection guideline (96) for “collectors and creditors” Sec.23 The role of independent external dispute resolution schemes  ==================================================================== I visited ASIC Qld Offices last Wed (4 Dec) and spoke to Misconduct & Branch(analysts) Reporting who strongly inferred the "other teams" had right of way when it came time to seek an "enforceable undertaking" against ING DIRECT who have willfully contravened its own Banking Codes (clause 29) by pursuing Debt Collection Processes at the same time my FOS Dispute No.272192 is before the Financial Ombudsman Service(FOS), a sham organisation who purport to act in fairness and impartially when nothing could be further from the truth.The two young "analysts" listened intently, took down notes (but not for show) and asked many relevant questions in a genuine effort to get at the heart of the matter over a 1.5hr period and apologized for having to conclude the conference, encouraged me to lodge the...
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  • doyla66
    doyla66 says #
    Good work, Andy. Monitoring similar situation in the making - parallel universe lol. Thankyou for the info. Will advise if FOS fa
  • doyla66
    doyla66 says #
    When you received the parallel debt collection/default did you lodge that with FOS as well, linked to original file number? Have y
  • doyla66
    doyla66 says #
    "What's more, there is no simple process of handling complaints against FOS decisions or the FOS board, beyond going to ASIC." Go
  • doyla66
    doyla66 says #
    Ombudsman’s decision The Ombudsman agreed with the case manager’s assessment. In his decision, the Ombudsman noted the followin
  • doyla66
    doyla66 says #
    If I've read that correctly, Andy, you won. It's hard to tell. Congrats if you did. What a long road to justice EDR is!
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Dear Members, Just an update for you on my story. I finally have received the DECISION on my case from COSL! As you probably will have guessed no surprise here.  COSL have decided in their wisdom that my loan is not "Unjust" and they find nothing wrong in the bank`s lending practices ! Never mind the fact that my LOW DOC LOAN was changed into a FULL DOC LOAN without my knowledge. Never mind that there were FALSE tax documents used to provide my financials Never mind that they had me owning a Trust and my income was $92,000 while at the time I was unemployed and studying, and best of all that I had to fight 6 charges of Deception of Loan Papers in court for two and a half yrs only for the DPP to drop the charges four days before the trial. All this informationwas given to COSL case manager No.4,...
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  • doyla66
    doyla66 says #
    Hi grandma Sorry to hear of your failure at COSL . Has the broker committed fraud , or is it bank staff after the FAX? what's
  • doyla66
    doyla66 says #
    Hi Everyone, Friday I got the email I have been dreading. Our(COSL) decision on your case stands as is and this
  • doyla66
    doyla66 says #
    Grandma its time for you to take this straight to the media, ring your local state talk back radio (shock jock if there is one in
  • doyla66
    doyla66 says #
    Well said, Max - I agree. Grandma's horrific plight is also an excellent media opportunity and an important warning to other consu
  • doyla66
    doyla66 says #
    Well said, Max - I agree. Grandma's horrific plight is also an excellent media opportunity and an important warning to other consu
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FOS is saying 85% of disputes with banks are via agreement…………………What the?? Consumers are being railroaded into acceptance………………………………   Comparative Tables 2012–2013 final report   Download the report here   http://www.fos.org.au/comparativetables/2012-2013/   Page 12  #2. Consumer Loans  Listed are the comparative tables for all 38 Financial Service Providers    ...
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  • doyla66
    doyla66 says #
    Good one, Andy. Lawyers are complicit in Bank Fraud. So are FOS, COSL, ASIC and certain parliamentarians who have also chosen to t
  • doyla66
    doyla66 says #
    ASIC would also have a grudge against FOS. FOS are held up as the best we have in EDR for Financial Disputes. People want FOS give
  • doyla66
    doyla66 says #
    Before the [fraud[ event: What if the client tells the solicitor about an offence that the client intends to commit? This may be q
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Dec 6, 2013 U.S. District Court Judge Jed Rakoff has given a speech worth reading about why no high-level executives have been prosecuted in relation to the financial crisis. One thing he suggests is that the insider trading cases have distracted prosecutors:  As for the Department of Justice proper, a decision was made around 2009 to spread the investigation of these financial fraud cases among numerous U.S. Attorney's Offices, many of which had little or no prior experience in investigating and prosecuting sophisticated financial frauds. At the same time, the U.S. Attorney's Office with the greatest expertise in these kinds of cases, the Southern District of New York, was just embarking on its prosecution of insider trading cases arising from the Rajaratnam tapes, which soon proved a gold mine of good cases that absorbed a huge amount of the attention of the securities fraud unit of that office. While I want...
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  • doyla66
    doyla66 says #
    I see no reason for an entire company to suffer a wide spread investigation when the buck stops at the top. Especially in Bankster
  • doyla66
    doyla66 says #
    "flipping" some lower participant in the fraud to even "wearing a wire, ..a prosecutor, goes about uncovering wrongdoers; same way
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Comment by Taylor Wilson Thursday, 05 December 2013                           It is obvious our Aussie Banks were no different to the rest of the world.  It is totally pointless for our Banks to plead their innocence the rest of the western world is in the repair stage and fixing their wrongdoings. Our Australian Banks however are still in the denial stage and would prefer to continue treating us average Joe's as morons. Well its game up boys time to throw in your hand you cant bluff us forever, we can now see right through your poker face. If Banks, and all of them are guilty, particularly the BIG 4, would take the time to read the Senate submissions it would not take too long for them and everybody else (but ASIC) to see almost the exact same method of entrapment being used by every lender. If this does not suggest collusion and a...
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  Reposted blog from Sunday, 28 October 2012 in Lawyers and Insurance Co's   Managing fraud in the Mortgage Market Spotlight Series - Issue 2 Genworth Financial (Mortgage Insurer)   http://www.genworth.com.au/downloads/4-2-3-Spotlight/spotlight-series-managing-fraud.pdf     Page 3 - "Furthermore, many within the industry may not realise that Lenders Mortgage Insurers are not licensed to cover losses suffered as a result of a fraud perpetrated by the lender or a third party acting on its behalf in the origination chain. As a result, the lender may seek to recover the losses from those who may be considered to be liable"     Comment Posted by portabello on Sunday, 28 October 2012 in Lawyers and Insurance Co's     I'm sure lenders will not want the fact that fraud has been committed by links in their chains to come out in court otherwise their insurance on the loan WILL NOT BE PAID!!     EDITOR:...
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  • doyla66
    doyla66 says #
    On the loan I have it says no LMI required, but still charged a Lenders Mortgage Risk Fee. Is this the same as Lenders mortgage i
  • doyla66
    doyla66 says #
    What is Risk Fee? from a google search for Australian lenders "Risk Fee is a fee paid instead of LMI. The Mortgage Risk Fee conc
  • doyla66
    doyla66 says #
    I don't know about you but we paid over $10,000 LMI not realising at the time that we were not covered at all. We didn't have the
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  MICHAEL BENNET  THE AUSTRALIAN   DECEMBER 03, 2013 2:55PM WESTPAC chief executive Gail Kelly has firmed as the next chairman of the Australian Bankers' Association, succeeding ANZ boss Mike Smith, as the industry readies for the first inquiry into the financial system since 1997.  Mrs Kelly, who sits on ABA's 15-person council, is expected to take over the role of chair this week, according to a source. The role of the banking body rotates among the chiefs of the nation's biggest banks every two years, with Mr Smith serving since November 2011 after taking over from former Commonwealth Bank boss Ralph Norris. The ABA's annual general meeting is being held tomorrow, where a new chairman will be elected and formally announced. The ABA said it could not comment ahead of the AGM. But several industry sources said Mrs Kelly's election was a near certainty. The chiefs of the nation's banks who sit...
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Dear members Monday 2-12-13, ANZ will face a class action from customers for excessive charges. Maurice Blackburn  said they're starting with ANZ but this will flow onto other lenders as well. Any bad press on the banksters ongoing greed helps high light at what lengths they will go to to drain every last cent from their customers. Of course when David Murray starts his investigation he will wheel out all the bankster jargon to explain all the costs the poor old banksters have to bear and how they have to pass these costs onto the hapless consumer.  In the course of proceedings lets hope other bad bankster practices are exposed, mainly the LAF criminal activity, at least if Maurice Blackburns lawyers mention the "FRAUD" word their case won't be dismissed like the banksters mate COSL would do. Hopefully in a court of law you don't have to worry about political process...
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  • doyla66
    doyla66 says #
    totally agree !!!!!! its just the beginning.
  • doyla66
    doyla66 says #
    This is only the tip of the iceberg. Maladministration is running riot with the Lenders we all know.!! These smug lenders have b
  • Denise
    Denise says #
    78,000 disgruntled customers with ANZ? No surprise to us and you can double that for other Majors. And no systemic looting issue
  • doyla66
    doyla66 says #
    Your are probably right Tom. Squirmy sods will wriggle out by settling prior to court. !!!!!
  • doyla66
    doyla66 says #
    Neil its evens the bank will try to buy their way out this without going to court , I hope Maurice Blackburn proceed to trial and
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Dear Members After reading Denise's blog on Ian Narev it brought to mind an old saying " two faced". He has in his mind this image where the public think the banksters sole purpose is to look after the valued customer" GET REAL IAN even we mere mortals know a bank is a business like any other and has to make a profit to survive. CBA and all the other greedy banksters weren't content with making healthy profits in a market which they dominated, no! greed gave way to good business sense and the bankster engineers and low life lawyers devised a scheme to rob societies most vulnerable. Ian states a few rogue advisers tarnished CBA's reputation, I think not. CBA has a long history of bad press. Why have the brokers involved like Don Nguyen been silent? Why did they opt to be the scape-goats thus having their careers and reputations...
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  • Denise
    Denise says #
    If every Broker became whistleblower and tipped the bucket on the service calculator and the BDMs, the Royal Commission into Banks
  • doyla66
    doyla66 says #
    Our Aussie Banksters got their wish to be self regulating and look how they used it. Cheating good for nothing blatant crooks, how
  • doyla66
    doyla66 says #
    What you have blogged Tony is spot on. Just how did these fraudulent loans get past the lenders.? Only one way, the Lenders in o
  • doyla66
    doyla66 says #
    Even though Nguyen and the few rogue brokers as they the banks are calling them did do some crooked dealing how did the broker mod
  • doyla66
    doyla66 says #
    I'm with you Neil. These brokers would be silenced with payouts for that silence. Why would you want to be buried and go quietly
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Dear members A comment by Lisa today reminded me what a long and winding road to Justice we all have embarked on. In the beginning we naturally assumed that by playing by the rules and guide lines and following all the protocols that we would eventually be vindicated. After many years of letter writing, emails and talking face to face with our elected representatives, what have we achieved? absolutely bugger all. From Rudd, Gillard and Abbott  and down through the ranks of politicians past and present apart from our local M.P. in most cases we didn't even rate a response from Canberra to state they had received our enquiry. I realise that staff vet all correspondence but why did this pertain to all politicians? Why did all the various agencies ASIC, APRA , Federal Police etc say not our problem try some one else? Why did Joe Hockey appoint a financial...
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  • doyla66
    doyla66 says #
    Dear Nanna Don't worry I'm fine, since joining BFCSA I have found new strength to carry on the fight with like minded people, we m
  • doyla66
    doyla66 says #
    Neil don't let these B......DS get at you. Always look on the bright side of things there is always someone worse off than yourse
  • doyla66
    doyla66 says #
    Lisa My biggest fear is that alot of our politicians and regulators are products of universities from the eighties and believe in
  • doyla66
    doyla66 says #
    Good one, Neil. Like you I believed in honesty, lawfulness and being vindicated in the end. What I've experienced includes being
  • doyla66
    doyla66 says #
    Good post Neil. Pretty much agreement all round. I try to concentrate on the positives rather than any negatives in my life. At t
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Hi Members,  I am seeking some assistance or guidance on where to go from recommendation stage if the assessment by the Case Manager shows no regard for the Bankers Code?   Although it hasn't reached final determination, we can pretty much bet that the final determination will coincide with our Case managers assessment.  Leaving us at a dead end.  We have 3 cases with FOS - 1 was proven maladministration which is great however, with two other cases, the answer is no.  How can that be, same fraud was obvious?   The suggested compensation is a complete insult & pathetic a lot of very relevant & significant facts were completely dismissed.  Facts such as; it didn't matter that the lender didn't verify the information in the LAF as there was no need if it didn't raise any red flags - the total liability section including living expenses of one of the loans was left...
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  • doyla66
    doyla66 says #
    Lisa - did you use FOI or complain to the privacy commission - Privacy Act 1988 to get all your paperwork? I am exploring that ave
  • doyla66
    doyla66 says #
    In our FOS case the declined loan filed was requested from a country branch of the Nab. Nab could not locate the file but somehow
  • doyla66
    doyla66 says #
    Did you get your FOS or related files through FOI? They do that in the UK. Shame you can't get the entire NAB files - or can you?
  • doyla66
    doyla66 says #
    Denise: Where CMs, former CMs and all above and below came from, went next - with stories/evidence - security. Partners/spouses/
  • doyla66
    doyla66 says #
    FOS will have a cross and a half to bear. They are at the crossroads. Which way do they go? Well, when you sit at the crossroads f
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PPI complaints to UK ombudsman soar as banks fail to deal with claims Financial Ombudsman Service received a record 2 million inquiries and complaints last year, including almost 380,000 about PPI Natalie Ceeney, chief ombudsman: 'Too many financial businesses still seem unable to sort out problems themselves.' Photograph: Anna Gordon Consumers complained to the Financial Ombudsman Service (FOS) in record numbers last year, as the fallout from the payment protection insurance (PPI) mis-selling scandal continued and financial services customers became more aware of their rights. In its annual review, published on Wednesday, the FOS said it had received more than 2 million inquiries and complaints from consumers about a range of financial problems – more than 7,000 each working day. It investigated a record 508,881 − an increase of 92% compared with the previous year. The FOS said it investigated 378,699 cases concerning PPI, after complaints that banks had failed...
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  • doyla66
    doyla66 says #
    Lisa, Good article , I couldn't imagine any FOS being worse than ours, with the possible exception of some third world countries.
  • doyla66
    doyla66 says #
    Thanks, Tom. I thought it good enough to share. It makes our complaint situation look tiny. But if we don't clean up the mess our
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Posted by on in From My Window
 Australia's HOUSING BUBBLE STARTED a decade ago......................Where has Australian Prudential Regulatory Authority ("APRA") been? --But it's actually the Australian housing bubble we wanted to tell you about today. One specific part of the Australian housing bubble that makes it different from every other housing bubble around the world.   --Here are two quotes. The first is from the Sydney Morning Herald, talking about the quality of Australian lending standards:   'Australian banks should not forget the lessons of the housing market collapses in economies such as Spain, Ireland or the United States, the nation's banking regulator says. The chairman of the Australian Prudential Regulation Authority, John Laker, last night said the regulator had been engaging "quite assertively" with banks to ensure credit standards did not slip.'   --Luckily, they haven't slipped yet according to APRA. But what information is APRA relying on when it says that? The banks' lending statistics. And...
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  • doyla66
    doyla66 says #
    I can remember we all sent letters into John Laker (APRA) advising him of the banks systemic mortgage fraud and receiving basicall
  • doyla66
    doyla66 says #
    Yes, Duped. When are these know it all, there there little consumer, etc blah flaming experts going to get it through their heads:
  • doyla66
    doyla66 says #
    Yes! Were the Banks good? - well look at their profits! After the GFC the biggest concern at APRA would have been: are the Austr
  • doyla66
    doyla66 says #
    Correction: Did any of them ever ask how Australian Banks managed to be "fine"? Of course not.... until really obvious cracks wer
  • doyla66
    doyla66 says #
    It would be logical to expect that the figures APRA spruke are coming directly from the Banksters and highly unlikely and as a mat
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 Scrutinising A-SIC Puppy: ...Is it a watchdoggie? ...or just a spoilt dog with no teeth? DateThe AGE      November 23, 2013 Read later Adele Ferguson, Ben Butler, Ruth Williams Investors have lost billions under its watch and the business scandals are many, but opinions are divided on the cause of ASIC's problems.   Under fire: Greg Medcraft and ASIC now facing criticism from a range of quarters. Photo: Arsineh Houspian ASIC chief's overseas trips draw criticism It was a busy June day in 2010 when Jan Braund, a Sydney retiree, bundled herself and her frail husband Alan onto a train for their long-awaited shot at justice. A year earlier, the Braunds had been left financially ruined after a Commonwealth Bank financial planner named Don Nguyen switched the couple's life savings from conservative to disastrously risky investments. He did it without their knowledge or permission, allegedly forging their signatures along the way.     Now,...
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  • doyla66
    doyla66 says #
    I think spoilt, overly powerful, illusionary dog that has lost its way and its teeth and now growls and snaps at anything small en
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