Click on our Secret Library of Evidence ------>

    BANKILEAKS Secret Library

Loan Application Forms (LAF's)  

    Bank Emails to Brokers  

    Then Click on 'VIEW NOTEBOOK'

Join us on facebook

facebook3           facebook2 


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.


Articles View Hits

Whistleblowers' Corner!

To all mortgage brokers, BDMs and loan approval officers! 
Pls Call Denise: 0401 642 344 

"Confidentiality is assured."

Cartoon Corner

Lighten your load today and "Laugh all the way to the bank!"

Denise Brailey

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.

Click on the Cluster Map.

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Bloggers
    Bloggers Search for your favorite blogger from this site.
  • Login
    Login Login form

BFCSA: The Great Bank Rip-Off continues in 2013 even with the new NCCP laws.

Posted by on in Corruption Exposed
  • Font size: Larger Smaller
  • Hits: 2833
  • Print

We need to topple these bankers before they steal all assets/homes they can lay their hands on.  The Banks have pricked the Bubble and refinancing has stopped, which means TOP UPS have to be hidden for a short while.   The new NCCP laws do have the UNJUST CONTRACTS provisions that NSW had for over 30 years.  If you were from NSW you were protected from Banks for 30 years.  ASIC forgot to tell the public that fact!!!  How many bankers did the Corporate Fluffy Duck Cop prosecute?  Zero!  

Government is blamed for allowing Brokers who are untrained and unlicensed to give financial advice, untrained to use bank strategies  provided with devious bank stationery and bank Manager teachers to ascertain whether your loan is affordable....something Brokers are not permitted or qualified in law to do so.  Yet Government permits the charade to continue and why the overly expensive broker model is essential to bad banking practices.

Yes indeed, ASIC allows the charade to continue.  The new Laws deliberately protect the Bankers not the Consumers and ASIC helped frame those laws and in doing so frame the next generation of borrower victims for the ever hungry Bankster Beast.

Under the new NCCP Laws affecting all consumers in all states, ASIC is not even investigating the banks.  It just issues a few parking fines to Brokers as if that is justice and, then leaves the complainant to the mercy of its banking mates.


The new NCCP laws attempts to put onus on both bank and broker, but Banksters are a protected species.  If you are about to sign a Mortgage - do not get trapped in the new look SPLIT LOANS: its a con to gouge high sets of fees.  The latest Bank Engineered Financial Products are nothing more than DEBT TRAPS.

Those who signed under the 1 July 2010 "new laws" are now realising the model is the same TOXIC LOAN PLAN as the 2000 - 2010 Model.  Banks win and you lose.....simple as that.

Those with loans the past three years now realise its  DEBT FOREVER PLAN and no way out as fees pile on fees pile on fees.  These fees are subtly listed in the front of the contract and YOU WILL BE BLAMED for reading them but signing to say "you fully understood this would happen!!!!"

You do not fully understand the pain you will land in within three years of these deviously calculated exploding loans.  The Banksters also "hide" an electronic 6 page version at the back of the contract.  The Broker has been taught to flip to the relevant page 6 for your signature and unwary victims do not realise they have just signed a tainted electronic version of the LAF that you have not sighted.  

The offending document arrives in a BIG Envelope from Bankster Lawyers - Contract and Agreement to list fees and charges as "small %" so you do nto truly understand the trap that has been set.  Brokers is taught by Bank Managers to tell clients: "when BIG Envelope arrives from lawyer - no need to open - you will not understand - we will explain the con tents to you, so bring down to our office and we will go through it.  

Hapless victim is snared once again.  Westpac, CBA, NAB, Bankwest et al, are notorious for this one......under the new NCCP Laws.......... Mr and Mrs Citizen dutifully take the BIG Envelope down to office.  Broker/Manager says he has ten mins to spare.....sign here, here and here.......says"I have read it and all in order..........sign where yellow stickers are that have been placed there strategically by Bankster Lawyers.......all done now I will post off for you."  

Banksters tell ASIC: "Clients are always fully informed."   How do you Banksters sleep at night?  Its a glaringly dishonest way of getting signature on paper  knowing this ruse works; as you do not want the intended victims to read too closely.

Later you will use this against them to steal their homes..........YOU the Banksters will say:  we showed them the new calculated income and they said yes to the fudged figure.   Yes its hidden at back of loan contract pack, but you signed it!!!

When you ask the Bank for your copy of the Loan Application Form, make sure you demand the hand-written broker copy!!!!!!  Banks will trick you and send you the eLAF.  I

In fact you want "all copies" as there are different contrived versions - its a crime scene remember?  And that reminds me...............In 2013, victims are still not being given a copy of the LAF which contains their signature and yet they are entitled to a copy.  Bankster do not want them to have a copy.  One couple five weeks ago were told by Major Bank: "sign here but you cannot have a copy until two weeks AFTER settlement."  

What???????  Useless regulator:  no enforcement of law, no bankers in handcuffs?


PAUL CLITHEROE described as a guru, told customers planning on asking for a loan to get a SPLIT LOAN.  You were promoting products for your mates.    How bad is that Paul?  I attended the same regular "bankster free drinkees" as you did Paul.  Remember?   I know which side you are on.  Shame on you!  Channel Nine should know better.  Someone has to warn people about these dangerous time bomb products: "3 year imploding loans on splits."   He describes victims as "greedy."   What about your banker mates?  The greed word managed to get you an overpaid job as Chairman of the  National Consumers Education Panel or whatever you called yourselves - taxpayers money from a generous Treasury for doing nothing about the banks!  Was it $8000 a night for talking to eight people Paul?  I remember.  Always the same Gene Pool.

Since banks were consulted on the new laws and no consultation with consumers was sought (obviously) the Banksters were ready with new ways to twist the laws to suit themselves..................the SPLIT LOANS means you cannot afford to borrow so much but, if you do the SPLITS..........more fees, more debt, more bonuses and more people for us to look after, after decent people have been mauled by a Banker.

Now we are gathering new member bank victims circa POST 1 July 2010.  THE BANKS PLAYS ON.  Their stories shortly.  Are the new laws "working?"  Yes very nicely thank you:  BIG money spinner for the Bank, not so nice for the victim borrowers.

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


Last modified on
Rate this blog entry:


  • doyla66
    doyla66 Saturday, 06 July 2013

    I was wondering why instead of having LAF with one figure for the loan, it was split on two forms.
    Now I Know ,this was done without me knowing, by broker in2008
    Why didn't the bank ring me and question me as to why I needed two forms for the same loan.
    OH....that's right it was a scam to steal my home from me!

  • doyla66
    doyla66 Sunday, 07 July 2013

    You are completely correct Denise, Brokers cannot approve a loan and cannot provide funding, the engineers behind the Brokers are the Financial Institutions. The Brokers are under the instructions of the Financial Institutions with promises of commissions and incentives. A created industry which allows unqualified entrants. Brokers do not act on their own they are controlled by the Financial Institutions. I guess it depends on how hungry the Brokers are for money and rewards. This all adds up to consumer BEWARE.
    Members and guests always remember it is in the Brokers best interest to sway clients to the Financial Institution which pays the largest amount to them. After all it is their livelihood we are talking about so again BEWARE.

  • doyla66
    doyla66 Sunday, 07 July 2013

    You are dead right Lisa that's exactly what my broker did, but I was unaware at the time.

  • doyla66
    doyla66 Sunday, 07 July 2013

    Ohhhhhhhh so Paul Clithero is not the nice helpful person i naively thought he was. Thanks Denise for revealing his true image. I didn't know this about him so there must be thousands more like me.
    Who can we trust these days? Too many wolves in sheep's clothing and it's getting worse by the day.

  • doyla66
    doyla66 Sunday, 07 July 2013

    Thanks Denise, I too was not aware of Paul Clithero being in bed with these low lifes. I was under the impression he was helping with good advice. Is there no honest people left or are they all powered by the almighty dollar.

Leave your comment

Guest Thursday, 21 January 2021