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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 altered documents
The Four Corners program aired 30th Sept re Cover-Up involving RBA, ASIC, APRA and Australian Federal Police into Note Printing, displayed a striking resemblance of the way BFCSA members have been treated by the powers to be namely ASIC, Federal Police and Government with their neglect and sinister ways of protecting every evil person in the Banking and Financial industry and ignoring all evidence thrown into their laps.  Just goes to show how underhanded and evil the people running these departments and companies really are. Not one of them could lay straight in bed with an attitude of "you can't get me". ASIC once again has failed dismally in chasing down and convicting these powerful criminals and lying through their back teeth to government and Senate inquiries, but then again they are a huge part of the problem festering in the background. When will Government say enough is enough and jail these people for protecting...
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  • doyla66
    doyla66 says #
    The broader view has been ignored by all political parties. When the full impact of the Broker Model Banking Crisis is complete ho
  • doyla66
    doyla66 says #
    Tony, sounds logical; "do-able" & not some radical doctrine pushed by al-Qaida linked Somali Islamist militant group al-Shabaab.
  • doyla66
    doyla66 says #
    Excellent post, Duped. That's what struck me and others I chatted with today. Just like the BFCSA treatment - our cases a mega co
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'Loan fraud' - but no investigation June 5, 2013 - SMH Michael West                                            Lenders accused of 'systemic fraud' Consumer activist Denise Brailey has countered claims from the corporate watchdog that she had failed to provide documents for them to investigate low-doc loan fraud. Australian Securities & Investments Commission deputy chairman Peter Kell told Fairfax Media and the ABC this week that ASIC had invited Ms Brailey to “provide evidence of the systematic loan fraud she alleges”. “The very limited material provided to date simply does not support any of the claims she makes,” said Mr Kell. However, Denise Brailey has confirmed that more than 100 of the members of her action group, all alleging loan fraud, had filed complaints with ASIC only to receive a form letter saying there would be no...
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  • doyla66
    doyla66 says #
    Totally stupid. Like Kell's effort in Senate Committee this week. Kell would have thought, "That went well." - I kid you not. Kel
  • doyla66
    doyla66 says #
    "Suppose you were an idiot, & suppose you were Deputy-Chair of ASIC; but I repeat myself." Mark Twain: The proverbial Fox looking
  • doyla66
    doyla66 says #
    Thankyou, Andy. I wondered where Kell got his experience. And then, who was advising him that this was the way to handle Denise Br
  • doyla66
    doyla66 says #
    Mistakes on 1200 lafs and counting - what are the chances that they have made a mistake on everybodies income and occupation 1200
  • doyla66
    doyla66 says #
    Good stuff FOS have been saying that the errors on the LAFs are "mistakes". So are they deliberate "mistakes" or accidental? An a
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omment is free 'In corrupt systems, decent people have two options: conform or be crushed' According to Vince Cable, the emergence of a new breed of 'decent' bankers will guard against further financial outrages. But until we recognise that the system itself is flawed, banks will go on turning ordinary workers into shameless shysters and get-rich-quick merchants Share150   Email Fintan O'Toole The Observer, Saturday 30 June 2012 21.00 BST Jump to comments (85) Allied Irish Bank, where whistle-blowers were either dismissed or marginalised. Photograph: Peter Morrison/AP Spivs! Wideboys! Riverboat gamblers! Snakeoil salesmen! Calling the shysters by their proper names is satisfying – and it may be the only satisfaction the public will get. But it is also, oddly enough, rather naive. For it assumes that better, more decent people wouldn't end up manipulating interest rates or mis-selling financial products. All the evidence from the many scandals of recent years is that...
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Posted by on in Consumers Fight Back
Inquiry into THE POST – GFC BANKING SECTOR Submission 105 I note that many of the submissions already made to the inquiry deal with complaints about the behaviour and conduct of insolvency practitioners, and lawyers involved in enforcement action by secured creditors.  Some history of my involvement in insolvency and commercial litigation I have nearly 20 years experience dealing in the matters relevant to the terms of reference. Agtion became involved in the specialist consultancy discipline of a forensic analyst dealing in principally banking and insolvency matters as a result of it, and its associated companies being forced into so called “voluntary receivership” by a major bank in 1996.  The companies and I commenced litigation after the companies were released from receivership in 1999. The legal battle against the bank continued until it was resolved in 2007. I am experienced in litigation mainly due to my need to appear and represent...
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  • doyla66
    doyla66 says #
    I remember reading this one & still think it is probably one of the better submissions. History is outlined, the repetition of the
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From: wayne stylesSent: Tuesday, 4 September 2012 To: Abbott, Tony (MP)Subject: BANKS ASSET LENDING USING FRAUDULENT LOAN APPLICATION FORMSI have also sent copies of this e-mail to : Senator John Williams, Denise Brailey (BFCSA), Julia Gillard PM, Tony Abbott MP, Julie Bishop MP, Joe Hockey MP, Nick Xenophon MP, Joyce Barnaby MP, B. Bilson MP, Andrew Robb MP.RE : ASSET LENDING USING FRAUDULENT LOAN APPLICATION FORMS by the CBA.We must have a ROYAL COMMISSION immediately into the fraudulent activities of the banks.We too have been conned & deceived by the COMMONWEALTH BANK & Mortgage Broker using FRAUDULENT Loan Application documents, in both 2005 and 2007.This is a common business practice used by the Commonwealth Bank of Australiawhere they corruptly lend money using grossly falsified Loan Application Documents  (that the client's have never seen),& conspiring with Mortgage Brokers (that the clients has never met), & going through Finance Companies (that the clients didn't...
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  • doyla66
    doyla66 says #
    Abbott's response does not surprise me one bit. After all, he is just the party puppet. Following his monumental cockup with figur
  • doyla66
    doyla66 says #
    i cannot believe that this government (& it loks like the next govt) are dragging their feet on this....bring on a royal commissio
  • doyla66
    doyla66 says #
    My jaw has hit the ground...This is like a bad movie !!
  • doyla66
    doyla66 says #
    Great work Wayne - brilliant letter. Keeping up the pressure to wear them down can work in our favour. Force and people power even
  • doyla66
    doyla66 says #
    Keep moving on this Wayne. Check other posts that have covered the same issue. Don't be surprised with the Ombudsman's tack. He an
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Posted by on in Bankers A Law Unto Themselves
Often when you tell people your story and plight with the banks or to the media- they comment - but you signed the papers. My next question to them is - so you think it is okay that fraud has been committed and that the Banks are profiting from it? Are you saying that the banks are above the law and should not be accountable to the rules set by the law of this country.  No matter which way you look at it - a crime has been commited and it needs to be investigated. Isn't that why we have laws for?  Crime is crime. No sugar coating of it or exceptions. When put that way to most people - they understand better and agree - if fraud has been committed - it needs to be investigated. So if you speak to the media - make sure you ask that question. Remain focused...
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  • doyla66
    doyla66 says #
    I am interested!
  • doyla66
    doyla66 says #
    Based on what I've read about the other political options this is probably a good time to kick off a new party. Who is the brillia
  • Denise
    Denise says #
    Hands up those who wish to be part of new party? We have a brilliant leader, an exciting name. I cannot be leader as it would de
  • doyla66
    doyla66 says #
    http://www.bfcsa.com.au/index.php/entry/bfcsa-demands-to-federal-government
  • doyla66
    doyla66 says #
    We should call for a Suspension of Normal Business in the House, and possibly a joint sitting to attend to the crime and corruptio
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Posted by on in BANKSTERS
Hi I'm interested in finding any others who have had their loan applications filled out by the broker, income overstated, business declaration signed when a loan was for residential mortgages refinance, or any other issues with these banksters.  In addition any dealings with the lender Perpetual trustees Victoria.    Cheers Cam...
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  • doyla66
    doyla66 says #
    That sounds no good. Has their lawyer done a subpoena for production of documents? Have you got medical evidence for your father?
  • doyla66
    doyla66 says #
    So how is your case going? Any positive progress
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I came across this 2004 ANZ submission by accident. What a gem! From the Banks perspective we, the Fringe Lending Market, were "missing out" on so many financial products. Frankly, I didn't feel like I was missing out by not having a mortgage hanging around my neck or a plethora of bank accounts and credit cards to manage! I didn't lament my lack of financial products. One bank account for everything was fine for me, and had been for as long as I could remember. Why complicate life by being chained to the wheel as a debt slave?   I got into major debt through my long time friend and partner. A decent man who thought $30,000 was a large amount of debt. He wanted to be able to retire and he felt he should be able to leave something for his children. He took the risk. And found he was...
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  • doyla66
    doyla66 says #
    Thanks for the hyperlink Lisa. Some light reading for later when I get off the net
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 Basically none of the info provided and input on the applicant is accurate... I would suggest that things may unravel at a rate of knots from this point on..." [ Lindsay Johnson BOQ Risk Assessment] THIS IS A MUST READ WEBSITE. Wow!    Bank of Queensland - CLASS ACTION https://sites.google.com/site/boqnorthward/ You +1'd this publicly. Undo This is the website for a 'Class Action' that is being filed by a body of former Storm Financial clients against the Bank of Queensland for malpractice by its North ...IF  this Link does not work - just type Bank of Queensland - Class Action in google search and click on the webpage! ...
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  • doyla66
    doyla66 says #
    quote:"What is the penalty for deceiving a Parliamentary Joint-Committee these days or are banks executives immune from prosecutio
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