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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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BFCSA: ANZ face class action from 78,000 disgruntled customers.

Posted by on in Consumers Fight Back
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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 and protocols. God wouldn't you like to see Greg Medcraft or the bankster CEO's in a witness box without political correctness to protect them?

You never know, if Maurice Blackburn gets the taste for bankster blood they might want to do a class action for LAF fraud. The irony of all this is the lawyers will be the winners. Gadens will have to take on extra staff to cope with the massive workload.

Its criminal when you think how much money is wasted through the banksters fraud..... the customers are defrauded of their lifes savings and all the money and resources wasted in trying to get restitution. At least the class action against ANZ will help to water down David Murrays report which will be a glowing endorsement of his bankster mates. Its all happening now members.   At last the stars seem to be aligned in our favour. Thanks Neil T. 

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  • doyla66
    doyla66 Monday, 02 December 2013

    Evens

    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 do not take a pre trial settlement

  • doyla66
    doyla66 Monday, 02 December 2013

    Your are probably right Tom. Squirmy sods will wriggle out by settling prior to court. !!!!!

  • Denise
    Denise Wednesday, 04 December 2013

    78,000 disgruntled customers with ANZ? No surprise to us and you can double that for other Majors. And no systemic looting issues? Well according to ASIC they could not find these gems of blatant gouging practices. Gouge no more Mr Bankers and pay back the ill-gotten fees and charges and include the credit cards in amongst the payouts please. A bit on the nose? Yes indeed [email protected]

  • doyla66
    doyla66 Thursday, 05 December 2013

    This is only the tip of the iceberg. Maladministration is running riot with the Lenders we all know.!! These smug lenders have been taking us all to the cleaners for years. So blatant in their trickery of us Aussies. "Acting in Good Faith" the catch cry of Nab. Nab's devious methods full of deception and pain for the end users really is beyond belief. This last week has been absolute "Hell" for us. We have been subjected to violent verbal attacks and threats and abuse, all because of Nab's eager greediness to unload our home. The stress Nab have deliberately and immorally put us through is the lowest of lowest acts. I have had to go to court to apply for an intervention order and interim order until the court date. Screamed at and threatened by 3 bully kids only old enough to be my grandchildren. Foul, Foul language, derogatory and insulting references about my age and weight, you can guess the rest. Yeh, they sure breed them rough these days with no respect. I did absolutely nothing wrong and I mean nothing wrong. Cannot work out their logic. Didn't do them any good though. I absolutely blame Nab for putting us in the position of having to deal with sewer mouthed twenty year olds.

  • doyla66
    doyla66 Thursday, 05 December 2013

    GFS

    totally agree !!!!!!
    its just the beginning.

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