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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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FOS: Essential Banking Law and Practice update?
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On the FOS website there is a Presentation entitled: Essential Banking Law and Practice
It's dated 2007.
http://www.fos.org.au/centric/home_page/news/presentations.jsp
Is this information sufficiently up to date to use the information in it?
If not what do you think I should ignore in it?
Does anyone have a link to a more recent version of this?
I've written to FOS to ask them as well.
Thanks
Lisa
UPDATE: For more up to date information http://www.fos.org.au/centric/home_page/publications/the_circular.jsp
On this page is a downloadable index of articles which look very interesting indeed - all from "The Circular" which is sent out to subscribers to FOS updates.
The previous publication, The Bulletin, may also be of use. http://www.fos.org.au/centric/home_page/publications/bulletins/banking_finance_bulletins.jsp
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