FAIRNESS IN LENDING as a revered regulation and policy of Government that could have stopped the greed of Major Banks, had it been properly applied.  

Government could have stopped the fraudulent Loan Application Scams that has been taking place inside the Banking Machine of Australia.  

TO FOS, COSL, APRA and ASIC - why did you not think of this?

To adhere to regulations relating to FAIRNESS in FINANCIAL PRODUCTS AND SERVICES:

1.  It is most unfair to have a banker seconded TO FOS from a Major Lender to adjudicate and view a client file who is a complainant of any of the Lenders..........................and please tell us who dreamed that one up??????

2.  The statue of limitations is six years from when the awareness is evident, so please cease using that as an excuse to close files and treat consumers of banking products with  contempt.

3.  The statue of limitations is UNLIMITED in cases of FRAUD except for two states where statute is 20 years.  NO excuse for closing files before that period has expired......all of those investigations must be re-opened and properly dealt with for the sake of the Banking Industry generally as it is the only collection of data to show abhorrent patterns emerging caused by SELF REGULATION, big money handling and the obvious and expected greed of Bankers.

4.  All victims from NSW were covered since 1980 by the Contracts review Act as per the High Court so cases closed in those instances must be RE-OPENED.

5.   Cases cannot be closed as a special purpose initiative to COVER up BAD LENDING PRACTICES

Until such times as all of the above is adopted and practiced THERE IS NO EVIDENCE OF FAIRNESS in Banking, in Australia.

BFCSA Members wish every Banker involved in SUB PRIME LENDING an UNHAPPY NEW YEAR and,

2014 will be the YEAR OF MAJOR BANK FRAUD EXPOSURE.

For those wishing to apply for a MORTGAGE in 2014 - JOIN US  TODAY AND ASK FOR YOUR BFCSA MORTGAGE PROTECTION PACK

It is critical for YOU during that most important first year to ensure, NO FRAUD TAKES PLACE.

Our design is to set the rules by which Banks have to play with BFCSA FAIRNESS and together we will achieve that which four regulatory bodies have been able to achieve.   Fraud is rife.  100% of LAFs we have investigated are fraudulent, rendering the loans TOXIC. 

To all our members, we offer more solutions to push forward in the New Year and including our resolve to RE-OPEN all files for a CLASS ACTION.

This email address is being protected from spambots. You need JavaScript enabled to view it.