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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: New NCCP laws a Sham with ASIC the Bankster Protectors

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ASIC boasted of a conviction in September 2012 against Daniel Nguyen.....relating to pay slips and bank statements.  ASIC used the new provisions of the NCCP Act, the ultimate SHAM ACT which place the onus of everything dodgy at the feet of the Brokers and not the Banksters.

Yes ASIC pick off the little guys to show "we are doing something"  Remember ASIC stated: "we do not handle consumer complaints."   So this was the bank tipping off someone they wanted rid of?  Perhaps Daniel ought to have demanded the bank's copy of the LAF and the bank's copy of the service calculator.  Sounds like one of ASIC's rare moments of looking as if they are "getting tough!"  Oh please!!!  What about the IMPRUDENT LEND whereby the bank APPROVED the loans.  Hmmmmm Notice how there was no mention of the bank????  So did ASIC assist the customers by suggesting the bank's negate the mortgage's in line with 22nd June 2012 High Court decision?

We did not see ASIC protecting consumers by charging the Banks and boasting about a conviction, did we?  How corrupt is out financial system created by the Banksters?

Bring on the Royal Commission into Banking and Finance: only 8 days to go until Senate Report to be released.  Be ready!  Be warned!

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  • doyla66
    doyla66 Monday, 22 October 2012

    Greg "Securities" Medcraft corrupted the complaints system
    Govt corrupted truth with whitewash
    Reactive NCCP Law corrupted justice to catch little fish brokers not banks ....
    When do the lights go on in Canberra?
    We'd like the truth now!

    ROYAL COMMISSION INTO BANKING - WIDE TERMS OF REFERENCE

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