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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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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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BFCSA: A chance encounter by myself, may give BFCSA access to the legal acadamia.

Posted by on in Fraudulent Loan Apps
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Dear members

This was not an intended blog but while reseaching Gail Kelly's( Westpac) role in the B20 ( business leaders contributions to G20) at Davos alongside P.M. Tony Abbott I chanced upon this site.

"The Conversation" is an online outlet where academiics and experts in a myriad of fields  comment on everything from politics, world events, the enviroment and alot more. These people are the top shelf of knowledge  and highly qualified on all things and convey this through high quality journalists. Its the Australian version with 1.4 million subscribers worldwide and academics from Australian and overseas universities and institutions and think tanks represented.Its a platform where academics can get access to the common man and vice versa and us little people are actually allowed to leave comments which come from a great cross section of Australian society

Instead of relying on ASIC's and the politicians interpretation of the law this would be a perfect forum to ask the legal experts the proper definition. For example if a Loan Application Form is altered ( incomes, assets etc) is it fraud under the definition of the law? Is maladministration in lending a misinterpretation of the fraud law? Is it legal for the government to give financial service providers the right to destroy wet ink copies of loan contracts?

So come on members checkout the site, I found it very informative and unbiased. Get some ideas and dialogue going amongst us and if Denise rubber stamps it we can move on from there, if she has knowledge of this site and its not kosha we avoid it.

If its OK to proceed we can contact them and give them an "idea" for their Pitch an Article section whereby you ask an academics opinion. The only criteria is you have to say whether you are an academic or researcher with expertise in the questions you are asking or you would like to suggest an expert write this article or you are just interested in seeing the subject covered. So check out the site and comment, the more dialogue and conversation we generate the more interest in our plight is raised. Thanks Neil T.

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  • doyla66
    doyla66 Thursday, 23 January 2014

    PS

    Sorry members, I forgot to mention once you google " The Conversation" just go to the appropriate headings and click to read articles and comments, eg Business+Economy or Politics+Society. Thanks NT

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