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BFCSA
MORTGAGE
DISTRESS SOS

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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BFCSA Blog

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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That's not a debt disaster  -  This IS a debt disaster:  Joe and Tony's big con 11 October 2014 Alan Austin http://www.independentaustralia.net/politics/politics-display/thats-not-a-debt-disaster--this-is-a-debt-disaster-joe--tonys-big-con,6984 Alan Austin presents another exclusive report the mainstream media will not touch — Australia’s rapidly escalating borrowings since Abbott and Hockey came to office promising to end ‘Labor’s debt disaster’. AUSTRALIA’S DEBT since Joe Hockey took charge of the nation’s finances has increased dramatically.  The rate of expansion shows no signs of slowing.  Monthly finance figures for July and August were quietly released yesterday — late on Friday night, several weeks late, after seemingly being sat on by Cormann for at least a week*.  They show the Abbott Government has achieved precisely the opposite of its solemn pre-election undertaking to bring about   ‘… a reduction of $30 billion in net debt.’ In July and August alone – two months for which it is impossible for PM Tony Abbott to blame...
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Mike Smith ANZ Gloats of success! Warning...  More Money Mike's "selfie" article will upset most Australian citizens and particularly ANZ victims of Liar Lending Policy BFCSA (Inc) 20 Sep 2014 — Share our Petition re Bad Bank Behavior with everyone. How does white collar criminal activity at the top level of the Banking Cartel assist Australia? A 70 year old person who had retiree status and owned their home debt free, now about to become homeless and now has to stand in the queue at Centrelink because "I now qualify as poor and the age pension." How does that help our economy? Ask Mike Smith of ANZ who gloats about success and riches after coming from UK, is now ready to become a very wealthy $7 million per year citizen, and still heads ANZ and their toxic Liar Loan Low Docs. Mike  loves Australia! His personal Road to Wealth story on page...
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Peter Kell, Deputy Chair of ASIC,  Dear Pete, you cannot continue the 16 year old crappy suggestion you are doing a CRACK DOWN on crooks.  You can no longer look at an advertisement and hand out a parking ticket to a Major Bank. Oxford Dictionary: CRACKDOWN A series of severe measures to restrict undesirable or illegal people or behaviour: a crackdown on white collar crime.    Pete a CRACKDOWN it does not suggest a parking fine for an ad!!!!  But we should have a CRACKDOWN on dud regulators!!! A CRACKDOWN IS WHERE YOU LOOK AT CONSUMER LOSSES AND RUINED LIVES, instruct the AFP, ROUND UP THE BANKERS, THROW THEM OVER THE BONNET OF THEIR FANCY CARS, HANDCUFF THEM AND HEAD OVER TO THE CDDP.    I explained this to you in our 2004 meeting in the Melbourne ZOO, remember?  Let's get a move on!  Its not about saying "oops adv is a tincy wincy bit misleading.  Its looking...
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  • NABbed Nanna
    NABbed Nanna says #
    You were lucky you actually got someone to talk to you although abusive. We could not get any sense from Nab whether through the
  • kddeed
    kddeed says #
    we approached our Westpac bank manager & asked why they approved our application for a loan on an investment property after we req
  • Duped
    Duped says #
    And that's about it (THE SCAM) in a nut shell and approved by ASIC.
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 Bring on the ROYAL COMMISSION into banks 30 years This email address is being protected from spambots. You need JavaScript enabled to view it.  Yes it’s your turn to become involved.  Let it never be said we sit on the sidelines…………….whilst your homes and savings disappear.  Please sign our PETITION for Royal Commission into Australian Banks non Banks and Collapsed Companies and Debenture & Investment & Mortgage Scams & the neglectful regulators ASIC AND APRA. The PETITION is being sent to DAVID MURRAY - Finance System Independent Inquiry  This is the link and thank you for support as this is sorely needed and long overdue  https://www.change.org/p/mr-david-murray-chairman-of-the-financial-system-inquiry-recommend-an-urgent-royal-commission-into-australian-banks-australian-non-banks-collapsed-companies-the-regulators-asic-apra-and-all-subsidiaries-and-joint-partners  cut and paste into word and then press return at the end and click You can also donate funds to the Petition by pressing Promote Button Our petition is rising by at least 50 a day.  Please ask group leaders to send out to their members.  Ask your extended families to get involved.  Use social media and also using Facebook and...
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http://online.wsj.com/articles/australian-banks-warn-against-tougher-regulations-1409301494 Australian Banks Warn Against Tougher Regulations Australia's Big Four Argue Against Imposing Tougher Capital Buffers Aug. 29, 2014   MELBOURNE, Australia--Australia's largest lenders defended their ability to withstand any future banking crisis and warned against further moves to strengthen the financial system, in submissions published Friday to a government-backed review.  The country's so-called Big Four banks in submissions to the review of the financial system opposed the imposition of tougher capital buffers. They have also argued against the need to ring-fence investment banking operations and advised caution over introducing any creditor "bail-in" system.   "A compelling case has not been made that further strengthening would provide additional benefits to the financial system," Mike Smith, chief executive of ANZ, said in a submission published on the inquiry's website Friday, adding steps had already be taken by the banks and regulators that would protect the public from losses. The big banks and...
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  Unverified Lending since 2008 and Veda speaks of "Fraud Checks."  Not in our experience in dealing with banks - the fraud is internal to the banks.  Without Veda seeing the supporting docs of an application how can they verify if fraud or not? Consumers are waking up.  Even David Murray is warning what comes up must come down.  There has been widespread approval of unaffordable loans and the consumers had no idea of the frauds and were forced by packaging to take credit cards they had said NO to.  Banks said you must take them as part of the pack - no choice - cannot separate.  Breaches of TPA all over the place. Nearly $2bn of credit apps red-flagged for fraud       inShare by Adam Smith | 25 Aug 2014   Nearly $2bn of credit applications were red-flagged as potential fraud in the last financial year.New research from Veda has shown $1.9bn in...
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http://www.afrsmartinvestor.com.au/p/shares/banks_told_to_brace_for_correction_a8rwhaXju7rXzDFaznEtzK Banks told to brace for correction Published 22 August 2014 Key takeaway: FSI chair warns inevitable correction will put more ­political pressure on financial systems. David Murray has said his Financial System Inquiry needs to shore up the banking system to be ready for a ­correction in asset prices that have been inflated by unprecedented global ­monetary stimulus.  In a speech that adds to comments two days ago by Reserve Bank of ­Australia governor Glenn Stevens that investors have become too ­complacent about market pitfalls, Murray put the argument for increased ­regulation of the financial industry. “The ­post-crisis monetary ­settings have distorted asset prices again,” he said. “That is going to cause a correction at some point, which will put more ­political pressure on financial systems.”  The potential for a fall in share and property prices would expose the Australian banks to big losses. Murray suggested in his interim report...
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  • setup
    setup says #
    There needs to be a controlled regulation of the entire financial industry. and where are the victims in all of this? Not one word
  • Aries
    Aries says #
    If all goes against bank victims at this inquiry the LNP will be wiped out at the next election. Mathias Cormann you will be at t
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