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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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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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Subscribe to this list via RSS Blog posts tagged in A Current Affair - Nine
Dear Mr Thorburn Chief Executive Officer  National Australia Bank SPENCERS STORY on ACA Weds 28th Aug     http://aca.ninemsn.com.au/article/8897074/evicted-at-their-lowest-point Spencer needs some good news right now.  At 75 he still runs his business and earns around $75 a day.  Four years ago he owned his own home worth $500,000.  He asked for $105,000 to prop up vendor finance for his buyer then moved to slightly cheaper home. In four short years his original position has changed to one of owing NAB $500,000.  Your bank is saying they will allow Spencer and his wife to stay an extra one month in his home and has a reprieve from EVICTION. However you have inherited this problem from Cameron Clyne who recently sailed into the sunset with $42 million in bonuses.  Plus around $35 million for five years work stitching up elderly clients of NAB with INTEREST ONLY UNAFFORDABLE  LOANS.  Moody's tell us these IOU loans represent...
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  • Denise
    Denise says #
    Dear Stryker: Banks pay $5000 per "investigation" to FOS. Better for banks to pay BFCSA....we will act fairly for consumers and
  • stryker
    stryker says #
    Im sorry for Mr Spencer I know what he is going through. I have a similar situation with NAB. FOS told NAB to put us in the positi
  • kddeed
    kddeed says #
    The following is what I lodged online at Today Tonight today. > We are members of the Banking & Finance Consumer Support Associati
  • NABbed Nanna
    NABbed Nanna says #
    Sorry to hear that may lose your home kddeed. It is not an easy time for all concerned. I have been through it and know exactly h
  • kddeed
    kddeed says #
    Thanks for your support NABbed Nanna. You are right, it is the uncertainty of what will happen or where we turn to next, or what
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http://aca.ninemsn.com.au/article/8872846/cba-victims-left-in-dark-over-losses How cruel can these banks be?  How does all of this grief over banking loans and advice become an aid to our economy? Mr Narev:  Saying sorry doesn't cut it.  You need to start putting people before grubby profits. The other Banks will have to be dragged into the mix.  We need a Royal Commission into the major banks and we will then see how many other lenders are involved in these nefarious activities. This email address is being protected from spambots. You need JavaScript enabled to view it.  FROM ANOTHER MEMBER VICTIM: Please blog Denise,- Just received my determination from fos- maladministration found- 50/50 proportionate liability because I failed to protect my interests (against a bank and financial industry professional) remedy is BE HOMELESS with three children and well give you some of your money back after a few weeks of being in the street. What is really going on here?? The bank does the wrong thing and then they determine remedy?? Please...
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Govt forced to table FOFA regulations Thursday, 10 July 2014 | Tim Stewarthttp://www.investordaily.com.au/35868-cormann-forced-to-table-fofa-regulations?utm_source=ID&utm_campaign=ID_Newsflash&utm_medium=email        Today's News Govt forced to table FOFA regulations Disallow FOFA regulations, urges ISA Opposition calls for another advice inquiry YBR acquires mortgage manager Litigation law firms on the prowl Chinese growth to slump: BlackRock     inShare5   Labor has successfully mustered the numbers to force the government into tabling the regulations that amend the FOFA regime. Labor won a Senate motion to order the government on the production of documents regarding the Corporations Amendment (Streamlining Future of Financial Advice) Regulation 2014, with 33 votes to 29. Voting with Labor and the Greens were Australian Motoring Enthusiast Party Senator Ricky Muir, Democratic Labour Party Senator John Madigan, Palmer United Party Senator Jacqui Lambie and independent Senator Nick Xenephon. The regulations were registered with the Governor-General late last month and have been in force since...
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How many decades do we have to continue to ask Federal Government for a Royal Commission into Banking and to explain to Parliament why self regulation of banks is a looming disaster.  This email address is being protected from spambots. You need JavaScript enabled to view it. NASTY CONMAN RIPPING OFF ELDERLY PARENTS: http://aca.ninemsn.com.au/article/8852388/nasty-conman-ripping-off-elderly-parents  ...
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