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BFCSA
MORTGAGE
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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: Woollies and Coles and GE want to cash in on UNAFFORDABLE LOANS scandal

Posted by on in ROYAL COMMISSION URGENT
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Its time the regulators ASIC and APRA investigated present major Lenders and cleaned up the unaffordable lending activity before other players are granted a licence to enter into this dark arena.  Consumers need an urgent fair go.  A Royal Commission is vital to find out how so many unaffordable loans were approved (approx 200,000) during the past fourteen years under ASIC's "watch!"  The Major Banks made a motza of money promoting toxic loans using toxic lending policies and reduction of standards, with acceptance of fraud as the "norm."  Now Coles and Woolies are saying "we TOO!"    This email address is being protected from spambots. You need JavaScript enabled to view it.

Woolworths takes another step closer to mortgages

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by Adam Smith | 30 Jul 2014
http://www.brokernews.com.au/news/breaking-news/woolworths-takes-another-step-closer-to-mortgages-190189.aspx
 
The supermarket financial services war is on, as Woolworths has telegraphed its next move into the sector, which could include mortgages.

According to a Fairfax report, Woolworths has trademarked the brand Woolworths Money. The trademark covers a range of financial goods the retailing giant could offer, including insurance, savings and investment accounts, personal loans and home loans. The brand also covers any eventual foray into financial advice, with a category of the trademark covering insurance administration, consultancy and information services and pension and retirement super funds, Fairfax reported.

Woolworths has already had a misstep in its foray into financial services, with Fairfax reporting last week the supermarket had been probed by APRA for the use of the word "banking" in the online marketing for its financial services.

Coles has also made moves into the finance sector, recently announcing a joint venture with GE Capital to offer financial products, though finance director Robb Scott would not be drawn on the specific products the supermarket plans on offering.

 

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