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BFCSA
MORTGAGE
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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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Subscribe to this list via RSS Blog posts tagged in ALL Banks Ripping Off the Public
Why the banks should be nervous about Election 2016  The Drum Ian Verrender  5 hrs ago       A good thing that's all sorted. With the election campaign now in full swing, it seems almost everyone has forgotten the reason we are going to the polls. During the past fortnight, as political opponents play Punch and Judy each night on the tele, there's been nary a mention of the ABCC - the Australian Building and Construction Commission - the immediate establishment of which was so vital, it required the Prime Minister to dissolve both houses of Parliament. It's easy to see why. Cranes jostle for position on crowded city skylines as the frenzied east coast construction boom races towards its inevitable climax. Industrial disputes have fallen to levels last seen six years ago at the height of the financial crisis. And wages are growing at their slowest since records were established...
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 White Collar Criminals have to be rounded up and jailed.  NO THEY ARE NOT TOO BIG TO JAIL!!!!!

 Check Mate?

Why and how property values have been decimated to favour banks, real estate agents and government.

                                                                                                                               

How can property be worth less than it was 10 years earlier when  we have inflation constantly running on average around 3.5% per year?   SOMEONE IS CHEATING as Alan Jones roared on 2 GB.     Bankers at the highest level need to face A ROYAL COMMISSION!!!

SPEAK UP!

My property was valued in 2005 for $750,000. Today almost 10 years later I cannot sell it for $750,000. Why! Because that’s all my real estate agent says a buyer will pay and because that’s all my bank will value at approximately based on recent sales. Because the majority of people do not have the money to buy it, or the confidence to invest when they see markets collapse which does not encourage them to buy. Because the majority of people do not trust the people in power , power brokers or the corrupt system we are led to follow like lambs to the slaughter.                                            

Inflation is based on the price of goods and service increasing over a twelve month period of time. The price of food ,clothing, motor vehicles, building materials, land, labour, taxes, council rates , insurances ,electricity, transport etc. You name it. Inflation being the cost of living does not get less.           Because of inflation the value of your savings has less purchasing value. When you purchase something you do not get more, you get less for your money.

 Don’t believe or trust what government or statistics want you to believe.                                                                                                                             For any self employed person or business when you get hit with rising costs you either wear it or work longer  or cut costs to compensate, or you simply pass on the cost increases to the next person. 

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  • organza
    organza says #
    My home of 19 years was sold last year for just on double the purchase price in 1994. In a nutshell I ended with 50% of the sale
  • NABbed Nanna
    NABbed Nanna says #
    In 2013 our home of 42 years was repossessed by Nab. The home and property sold for approximately 40% of the Nab agents valuation
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eldiablo here thank you for reading my blog story in response to which bank WESTPAC the one and only have created this maladministration debark-le it is only if we all stand together that our voice will be heard. if it was once said that the meek will inherit the earth then i for don't mind being meek and stopping this crime against us all we shall be heard we shall create a diference we shall have all this wrong doing reversed and the banks have to in the very least take the hit for the loans  it not not like they didn't profit from us all in taking our money and lively hoods now its time for their compassion to be shown and secure our future for once and all so we can live out our final years without this debt, pain and suffering. So i say to all the banks...
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  • setup
    setup says #
    Yep, lets all encourage each other and make a tonne of noise so we can grow bigger and more powerful. We all know we have not comm
  • setup
    setup says #
    Sorry 25th August...
  • Rob
    Rob says #
    One in all in! lets all get behind this effort, Rome wasn't built in a day but it is still hear today. So come on all you sand bag
  • setup
    setup says #
    That's exactly right Rivers, which is why we have to persevere in putting pressure on the Politicians to bring banking back to how
  • RIVERS
    RIVERS says #
    We were brought up to respect banks and the kindly bank manager. How things have changed! We now consider them to be the enemy, on
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MEDIA RELEASE   Cached   This email address is being protected from spambots. You need JavaScript enabled to view it. www.cfmeu.net.au. MEDIA RELEASE. 27 June 2014. Financial planning Royal Commission must look at all banks. MEDIA RELEASE 27 June 2014 Financial planning Royal Commission must look at all banks A Royal Commission into the Commonwealth Bank Financial Planning scandal, recommended late yesterday by a Senate Committee Inquiry, should cover all banks and financial institutions, says the CFMEU. The CFMEU National Secretary, Michael O’Connor, said the Senate Committee Inquiry’s findings about the Commonwealth Bank Financial Planning scandal are almost certainly just the tip of the iceberg. The unethical practices of financial advisers in big banks - practices that flourished before the Future of Financial Advice (FOFA) laws were introduced in 2013 – have ripped billions of dollars in superannuation savings from thousands of Australians. The full extent of the scandal will never be known unless a Royal Commission looks at all the banks. “We need to...
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