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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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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: ASIC flick letters causing anger. Time for submissions to Senate ASIC Inquiry (in by October 2013)

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The Australian Securities and Corruption Commission will soon be in the Hot Seat.  We are lining up a few choice questions.  Time for all to write their submissions to the Senate.  Ask not what your country can do for you, ask what you can now do for your country (JFK 1962)

Would you like to see a new Consumer Protection Agency?   Stick to the Terms of Reference:  

Time for you to now judge ASIC's performance:-

Senate Standing Committees on Economics

PO Box 6100
Parliament House
Canberra ACT 2600
Australia

Terms of Reference

The performance of the Australian Securities and Investments Commission (ASIC), with particular reference to: 
(a) ASIC's enabling legislation, and whether there are any barriers preventing ASIC from fulfilling its legislative responsibilities and obligations; 
(b) the accountability framework to which ASIC is subject, and whether this needs to be strengthened; 
(c) the workings of ASIC's collaboration, and working relationships, with other regulators and law enforcement bodies; 
(d) ASIC's complaints management policies and practices; 
(e) the protections afforded by ASIC to corporate and private whistleblowers; and 
(f) any related matters.
 
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Guest Friday, 06 December 2019