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BFCSA
MORTGAGE
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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.

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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.

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Follow DB on Twitter @DeniseBrailey See below the anatomy of a BANKER DRIVEN billion $$$ SCAM

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For those who use social media - the banking issue is an important tool for sending a clear message to banks and to the Prime Minister.

Ask why the PM is ignoring the Senate Inquiry into ASIC, which recommended a Royal Commission.  BFCSA is the only group who asked for a Royal Commission.  The CBA FP victims did not do so despite having a great number of witnesses attending the Hearings in February.

Become involved.  You have 22 days left to file your submission to the Senator Sam Dastyari Inquiry - deadline December 5th.

If a Manufacturer deviously made cars with wheels that fell off....there would be public outcry, a governmental demand to recall all cars................The Government would not chase after the sellers of the cars when the Manufacturer is obviously to blame.  Why is the Abbott Government determined to go after the sellers of faulty financial products?  To protect the manufacturers of financial products and services - to protect the bankers who engineered these fraudulent and forged products?  These same Bankers also manufactured a TOOL - a SERVICEABILITY CALCULATOR which gave banks control of all inflated incomes via the the neg gears to ensure all mortgage loans (Full Docs and Low Docs) were showing FALSE INCOME DATA.  The dumb sellers were simply told the futuristic income was legal and necessary............................Its a FRAUD.  The second persons handwriting on most documents belong to bank staff who are told from higher up to alter and correct details, after the paperwork has been faxed in to the bank.

That is why 100% of all LAFs are fraudulently altered after YOU signed.  36% of all loans have NO BROKER INVOLVED yet all support the same fraud and alterations....why?    Brokers, Managers and Mobile Brokers all believed this was correct procedure by using the Bank's calculator.  The Bank gave all the sellers the passwords to get online to the calculator and were told DO NOT SHOW THE BORROWER THE CALCULATOR!"

You have a voice in BFCSA.  We have called for this Inquiry (our 17th to date).  There have been many Inquiries because its all a fraud and scandal so why is the Government looking at the SELLERS and NOT THE ENGINEERS?

You need to have your say.........................Just follow the Terms of Reference:

Here are your Terms of Reference:

Implications of financial advice reforms, with particular reference to:

  1. the current level of consumer protections;
  2. the role of, and oversight by, regulatory agencies in preventing the provision of unethical and misleading financial advice;
  3. whether existing mechanisms are appropriate in any compensation process relating to unethical or misleading financial advice and instances where these mechanisms may have failed;
  4. mechanisms, including a centralised register, that would ensure financial planners found to have breached any law or professional standards in their employment are transparent, for both the sector and consumers;
  5. how financial services providers and companies have responded to misconduct in the industry;
  6. other regulatory or legislative reforms that would prevent misconduct; and
  7. any related matters.

This is where you send your submission to and please set out a DOT POINT relating to each Terms of Reference - keep points to two pages would be good idea.  Make your message to the Senators count.  Demand a Royal Commission into the ENGINEERS of the EVIL FINANCIAL ADVICE.  We do not go after the sellers - we go after the ENGINEERS of dastardly Product - the Bankers:

Committee Secretariat contact:

Senate Standing Committees on Economics
PO Box 6100
Parliament House
Canberra ACT 2600

Phone: +61 2 6277 3540
Fax: +61 2 6277 5719
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Guest Saturday, 26 September 2020