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BFCSA
MORTGAGE
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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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Alan Kohler is a Hero:  Retirement Village Rorts (remember Ted Sent and Prime Trust debacle?) This was something we investigated and reported to WA State authorities in 1999.  Retirees being ripped off after death.  This is a massive rort run by Developers and friendly Banksters.  Royal Commission into Banking and Finance is sorely needed.  Now in 2014 the same scams keep popping up in every state in Australia.  Consumers of property and/or financial products left to defend themselves but this takes the cake!!!!  Beneficiaries better start telling us their own horror stories..........call me! Message loud and clear: Stay away from Retirement Villages and stay in control of your finances.   This email address is being protected from spambots. You need JavaScript enabled to view it. The great retirement rort   ALAN KOHLER  9 JUL, If the government is looking for a way to redeem itself in the eyes of the nation’s ripped-off retirees after the CBA financial planning fiasco and its pro-bank FoFA amendments, I have just...
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The IMF Says Australia's Big 4 Get A Huge Government Subsidy And Need More Capital GREG MCKENNA APR 1 2014, 7:20 AM  BOOKMARK    24 A day after the first round of submissions were due to be given to the Murray Financial System inquiry comes a report from the IMF saying that banks which are deemed too-big-too-fail benefit from the implicit Government support that this status conveys. In the Australian context this means Australia’s major banks, (aka the Big 4 – ANZ, Commonwealth, NAB and Westpac) which Australia’s banking regulator, APRA, has already nominated as Domestic Systemically Important Banks (D-Sibs). While they don’t say how much the subsidy is worth, in Australia the IMF quantifies the value of the subsidy as “$70 billion in the United States, and up to $300 billion in the euro area”. If the Australian economy is about 11 times smaller than the economy of the United States, and most likely...
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