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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: Press Release - Banksia Securities

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Hey BFCSA members.  Denise has written another Press Release, so could all our wonderful members with media contacts please forward this to them, to keep them informed.   And let us know who you emailed it to, so we can prevent others from becoming embroiled in the Australian Mortgage Scandal.

 

Copy and paste the following and send results in comments :-))

~~~~~~~

 

BFCSA (Inc) investigates fraud involving banks and lenders, financial promoters and mortgage brokers.  Low Doc and No Doc banking products appear to be normal financial products,however, these loans can leave the innocent customer homeless in a very short period of time.  For the past two decades, Ms Denise Brailey, President of BFCSA, has been a tireless campaigner, championing the cause of older and low income Australians who have fallen victim to banking and finance scams.  

 

BFCSA (Inc) is a not-for profit, member funded, investigative support group.  Please have a quick look at our website www.bfcsa.com.au  to get an idea of the scale of the problem we are dealing with.

 
 

~~~~~~~  PRESS RELEASE:  For Immediate Release:    ~~~~~~~~~~

Banking and Finance Consumer Support Association (Inc)

BFCSA (Inc) Creates Umbrella Consumer Protection Group for Bankwest Victims.

12th November 2012. Award-­‐winning consumer advocate and President of the BFCSA, Ms Denise Brailey, has strenuously called for a Royal Commission into Banking and Finance as a matter of urgency.

In particular, evidence presented by several witnesses at the August Senate Economics Committee Hearing into “Banking -­‐Post GFC” raised serious questions about the HBOS sale of Bankwest to the CBA, and the loan and property re-­‐valuation practices, routinely encouraged by Bankwest executives.

“There are over 200 people thought to have been unwittingly caught up in the suspect activities of the HBOS sale of Bankwest to the CBA and Bankwest’s unwarranted foreclosure tactics”, says Ms Brailey.
“Several small groups have come forward to look at options that may be available to them.”

Bankwest initiated sudden requests for an updated valuation of the property attached to a mortgage. The re-­‐ valuations came in markedly lower than the previous valuations. Bankwest then used the lower valuations to call in customers’ loans, placing the unsuspecting mortgagor technically in default., when in fact payments were up to date.

Contact BFCSA (Inc)

For more information visit:

http://www.bfcsa.com.au/ www.facebook.com/BFCSA Contact: Denise Brailey -­‐ President 0401 642 344 This email address is being protected from spambots. You need JavaScript enabled to view it. 

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Guest Wednesday, 13 November 2019