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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: Both ANZ and Westpac went over to New Zealand and pulled the same dirty Low Doc Tricks

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It sickens me the way the New Zealand regulator and the Ombudsman and Serious Fraud Office (whom I met and including the Minister in 2009) are mishandling these serious complaints of LOAN APPLICATION FRAUD engineered by the Bank Engineers, using the same SERVICE CALCULATOR as preferred weapon of choice and have been making obscene profits from criminal activity for more than a decade and a half.  

Our regulators have all enjoyed over-bloated pay packets for playing in SNOOZEVILLE and continue this farcical denial campaign to Parliament.  "No systemic issues?"  Remember those words Greg Medcraft.  These victims lives are in tatters and you Sir can expect your brilliant career to become a down hill run from here on in.  You have been the Model of Cover-Up procedures by the Australian Securities and Investment Committee and then Chair to IOSCO to perhaps cover up there also.

Australia has permitted it Banks to enjoy criminal proceeds with impunity and then go and rape pillage and plunder the assets of our wonderful New Zealand neighbours.  On an international level, that takes the cake!  In fact wasn't it ex ASIC bod Jane Diplock who offered to run NZ's regulator?  Is Jane now at IOSCO?  

Reform is long over due.  The much anticipated Royal Commission into our Banking Sector is long overdue.  Every MORTGAGE LOAN written from here on in must be regarded by the public as being highly TOXIC.  Remember on 8th Aug 2012 when I told our Parliament "the Government cannot profit from a  fraud" - re the RMBS packs?   Treasury suddenly a month later, quietly decided to dump the purchasing of the RMBS packs that Government had invested tax payer dollars in.  Yes indeed, we sold $24 billion of them to other poor dudes.

YIK.  We had to rid ourselves of the Toxic packs and at the same time have ASIC pretend there are no systemic issues!  Our Members come for 5 nations and rising.  They cannot all be lying like ASIC.  

We have serious banking fraud in this country and next door.   Time to Jail these Banksters.    This email address is being protected from spambots. You need JavaScript enabled to view it.

 

From a New Zealand reader re Australian and New Zealand Bank:

I took an issue I have with ANZ here in NZ to the banking ombudsman.

The Ombudsman found just this month that ANZ had not conducted any assessment of my company's ability to pay its loan. The Ombudsman also found that ANZ breached its own lending policy and the lending code obligations.

ANZ have reckless lending practises simply because they can. There is no consequence for their behaviour except to refund fees and interest. The Association code - not worth the paper its written on.

 

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  • doyla66
    doyla66 Thursday, 13 March 2014

    people have and still are being duped world wide.. Australian banksters the jig is up as more and more of us learn of your criminal activities to financially cripple us whilst at the same time have us believe all along that it was our wrong doing in accepting these loans!
    You fraudsters approved the loans with your backdoor "corrections" to ensure the deal came together (all done after our signatures were obtained on a handful of documents - the rest of the documents that made up the application were also hidden from us at point of signing)

    Australian banks are apparently the envy of the world... Our government too... Australian banks seen as the most profitable banks in the world.... How is that for such a small population? ... we finally understand. You all should be in Jail and we want our money back.

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