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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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My reply from Senator Williams: Where are the rest of the Senators? Hiding in Luxurious Banker Bunkers?

Posted by on in Corrupt Regulators
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Hello .........,
 
 
Thank you for your email. I am calling for a Senate inquiry into the operation of ASIC and I am currently working towards this.
 
Regards
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Comments

  • doyla66
    doyla66 Monday, 17 June 2013

    If we are to have a Senate inquiry into the operation of Asic then Fos must freeze all cases as a matter of urgency whilst investigation is underway to prevent anymore losses of homes.
    Mention this to the Senators in your reply to them when they have replied to your letters/emails.

  • doyla66
    doyla66 Monday, 17 June 2013

    Good idea Ali.
    The consumers must not be made to suffer any longer while FOS rushes through and closes cases.
    This is scam is not the fault of the borrower.

  • doyla66
    doyla66 Monday, 17 June 2013

    Furthermore, all closed cases must be re opened and also frozen until outcome of investigation is complete. It is only fair and just that this is done - after all we are all caught up in this scam caused by the banks and supported by Asic and co. None of this is our fault.
    This must be done in order to save homes.

  • doyla66
    doyla66 Monday, 17 June 2013

    main stream news today $93million lost in scams WHAT ABOUT THE $57 BILLION DOLLARS sub prime scandal that has effected hundreds of thousands of every day aussies who were "trusting" the banks..and banks (eg.CBA) inhouse financial planners.

    It is just plain wrong!

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Guest Friday, 14 August 2020