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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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Subscribe to this list via RSS Blog posts tagged in ABN for a day SCAMS
FAIRNESS IN LENDING as a revered regulation and policy of Government that could have stopped the greed of Major Banks, had it been properly applied.   Government could have stopped the fraudulent Loan Application Scams that has been taking place inside the Banking Machine of Australia.   TO FOS, COSL, APRA and ASIC - why did you not think of this? To adhere to regulations relating to FAIRNESS in FINANCIAL PRODUCTS AND SERVICES: 1.  It is most unfair to have a banker seconded TO FOS from a Major Lender to adjudicate and view a client file who is a complainant of any of the Lenders..........................and please tell us who dreamed that one up?????? 2.  The statue of limitations is six years from when the awareness is evident, so please cease using that as an excuse to close files and treat consumers of banking products with  contempt. 3.  The statue of limitations is UNLIMITED in cases...
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  • Denise
    Denise says #
    Thanks Andy. I read the document. Judge simply says he thinks the stand that FOS is taking re six year limit is wrong. But the
  • doyla66
    doyla66 says #
    Thanks Denise. Had hoped when I sent the comment somebody would enlighten me for it was not my query but something I found when t
  • doyla66
    doyla66 says #
    Is it correct that ex Bank Managers are FOS Case managers.??? You would think this is a good move because they would understand th
  • Denise
    Denise says #
    Hi Organza, Our securitisation program differs from the USA. Bankers securitised THE INCOME STREAM here in Australia. Do not tru
  • doyla66
    doyla66 says #
    The (VIC) Court of Appeal decided that FOS erred in law when.. deciding the complaint was lodged out of time".. FOS Decision The
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Cricket Fans who are victims of MORTGAGE LOW DOC FRAUD perpetrated by internal frauds within the Commonwealth Bank, must be sickened to see the CBA logo splashed across the Australian Cricket Team's shirts.  If ever there was a good Aussie example of crooked dealers NOT PLAYING with a STRAIGHT BAT, it would be the executive staff at CBA.  It would be like Al Capone sponsoring the Team...................or Charles Ponzi. The EDR's have powers to demand CBA hand over the Loan Application Forms and other parts of the client files so we can see the FRAUD for ourselves. The reason that the "WITCH BANK" has not handed over files when asked is specifically because THERE IS FRAUD.  That is obvious.   If there was no fraud, the bank would not have to hide behind FOS and seek their protection from angry consumers of TOXIC CBA LOANS. This email address is being protected from spambots. You need JavaScript enabled to view it. From a Member who wants...
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  • doyla66
    doyla66 says #
    The more stories and comments I read the more horrified and angry I become. What an insult for CBA victims who love cricket! I f
  • doyla66
    doyla66 says #
    A tent city at Canberra plus tell every Australian with a mortgage or loan to request their LAF's from the lenders, how many LAF's
  • Denise
    Denise says #
    Yes Maria, I can see a BIG BFCSA Tent City protest in Canberra coming up..................2014
  • doyla66
    doyla66 says #
    It's a disgrace!!! They are are bully's. The Banks! They are destroying the lives of people that have worked their entire life. We
  • doyla66
    doyla66 says #
    How many fraud cases will it take to get Govt on the page: A Royal Commission into Banking and Finance is needed now. What do we
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Members and Readers have been asking us about successes.  BFCSA Has done more for victims of Low Doc and Full Doc victims than any other organisation and we are not supported by Government.  Quiet simply we have never applied for funds.  Yes Mr Terry, we may have time to produce some statistics depending upon our people responding to surveys. 36% of TOXIC LOANS were written up by Bank Managers/Officers and NO BROKER involved....yet all are toxic loans.  18% of all loans are FULL DOCS. Many of the complainants are still with FOS as their staff are on overload and cases are now taking up to 18 months to process and conclude.  ASIC do nothing about consumer complaints.  COSL charge their own Lender members $5000 per investigation and throw all victims out into the street by closing files.  ASIC needs to ban COSL from handling consumer complaints.  In our experience Members say...
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  • doyla66
    doyla66 says #
    Must say that BFCSA has done a great work.Keep it up and continue your great service.
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