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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 National Account cancellation day to be held in May 2014. Boycott of banking institutions

Posted by on in Consumers Fight Back
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Barbara Thomas is cancelling her bank accounts with ANZ Murwillumbah for ethical reasons.

Barbara Thomas is cancelling her bank accounts with ANZ Murwillumbah for ethical reasons.  

 

Holding banks to account    

UKI resident Barbara Thomas has been an ANZ customer all her working life, but now she's looking to make a move.

Unimpressed with big banks investing in and lending money to fossil fuel industries, Ms Thomas is putting her money where her mouth is.

"My philosophy is for the environment and social justice, not just huge money-making," she said.

Ms Thomas said she was aware "ethical investing" wouldn't have the highest turnover right now, but she said growing popularity could put the industry into a growth stage.

She said more people would have to change their perceptions before it was possible to abandon fossil fuels.

"We need renewable energy; we need to stop fossil fuels now," she said.

Australian Bankers Association chief executive Steven Munchenberg said customers were entitled to change financial institutions for ethical reasons - but he couldn't say how much impact it would have.

"Banks are very conscious of the fact that communities are concerned about fossil fuels," Mr Munchenberg said.

"But they're not going to stop lending overnight.

"This is something that needs to be addressed over time."

Mr Munchenberg said no bank would like losing even one customer.

Still, he couldn't speculate on how many lost customers would inspire a re-evaluation.

"Banks are always mindful of community concerns and expectations," he said.

Mr Munchenberg said if banks became aware of an issue becoming broadly significant for communities, they would be more likely to consider change..... "

http://www.mydailynews.com.au/news/holding-banks-to-account/2191770/#comments

 

BANKING ON CHANGE Boycott of institutions supporting fossil fuels......

(My Comment...  AND THE REST !!)

Yasir Assam Tweed Climate Action Now spokesman said "voting with your money would be pivotal ..."

"it really works - if enough people join in"

Mr Assam said "It's down to ordinary people to do something about it, and one powerful thing we can all do is stop putting our money in banks and other institutions that finance our future's destruction"

Mr Assam said that the National Account Cancellation day, to be held in May, would show where communities stood on this issue"

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