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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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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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Inquiry to look at bank debt guarantee BY EVAN SCHWARTENMay 1, 2014, 8:59 pm Twitter G+ AAPAn inquiry will look at whether a debt guarantee for the big four banks has distorted the market.     The head of an inquiry into Australia's financial system says government backing of the big four banks during the global financial crisis may have given them an unfair advantage over smaller rivals. Small lenders and the Department of Treasury have argued the wholesale debt guarantee for major banks helped to create an unfair playing field and allowed the big four to access funds more cheaply. The chief of the federal government's financial system inquiry, David Murray, says there remains a perception Commonwealth Bank, ANZ, Westpac and National Australia Bank are too big to fail. "The perception of the government as a backstop may provide competitive advantages for some and can distort prices at the same...
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  • doyla66
    doyla66 says #
    I think it's designed to make us all shareholders in the Banking industry - voluntarily for those who can afford shares and don't
  • doyla66
    doyla66 says #
    What I can't work out is the banks pay out handsome dividends to shareholders and the government has the cheek to subsidise them.
  • doyla66
    doyla66 says #
    Don't the banks own the Government? Low interest for cover up of corruption, and don't forget the most important thing..... FREE L
  • doyla66
    doyla66 says #
    Is Joe's Bankster Love In going to look at the $11.1 billion in Bank subsidies funded by Aussie tax payers? Just like Senator Bis
  • doyla66
    doyla66 says #
    I'd like to know what the outcome was of Joe's mother in law being a bank victim. Does anyone know. Did the bank pay her out and h
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http://www.macrobusiness.com.au/2013/06/uncovering-australias-sub-prime-mortgage-lending/   3 June 2013   By Leith van Onselen Last year, The Australian newspaper published some great articles questioning the commonly held view that Australia’s banking sector is conservative.  In April 2012, The Australian uncovered how Australia’s largest banks were being forced to forgive mortgage debts of borrowers granted loans based on falsified or fraudulent information supplied by mortgage brokers.   Then in June 2012, The Australian followed-up with further reports (here and here) of Australian sub-prime lending, and the battle playing-out between unscrupulous lenders and borrowers. In August 2012, The Australian reported on instances where the banks had been enticing elderly Australians into Ponzi-like mortgages that they had no way of repaying, as well as provided detailed coverage on the Senate committee into banking, where evidence of widespread improper lending practices were revealed. The Australian also revealed that lenders had been refusing to provide low-doc borrowers with copies of their applications,...
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  • doyla66
    doyla66 says #
    The burning question is who are guilty of allowing it to happen? Knowing some of them have taken to signing their new Bankster Oa
  • doyla66
    doyla66 says #
    It's time to get on with the job of exposing banks and lenders of their dirty tricks and deceitful scam which used forgery and fra
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