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BFCSA
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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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Is there any end to what the Too Big To Fail Banking sector will do to avoid justice for consumers and throw all liability onto its customers for Liar Loan Mortgages?  Banks will become the new Nigerian Scam.   We will diligently continue to clean up the mess.   This email address is being protected from spambots. You need JavaScript enabled to view it. http://www.businessinsider.com.au/1000-australian-finance-jobs-are-sent-offshore-per-month-2013-6 1000 Australian Finance Jobs Are Sent Offshore Per Month Sarah Kimmorley  Jun 22, 2013   The financial services jobs market continues to struggle as the sector loses almost 1000 jobs a month to more cost effective offshore hubs, such as Asia and New Zealand. Combined, the big four banks have about 20,000 full-time overseas roles supporting areas such as technology, mortgage processing and call centres, according to The Fin. One industry consultant estimates these jobs have risen 10- 20% for ANZ, Commonwealth Bank of Australia, National Australia Bank and Westpac Banking Corp over the past four years. The Financial Review...
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Did you have story to tell about bank financial planner advice?  Any Bank?  Please email me and tell me your story This email address is being protected from spambots. You need JavaScript enabled to view it. http://www.theaustralian.com.au/business/financial-services/macquarie-bank-in-asics-sights-after-damning-senate-report/story-fn91wd6x-1226968912932  CBA Toxic AdviceMacquarie Bank in ASIC’s sights after damning Senate report by:ANTHONY KLAN From:The Australian June 27, 2014 THE corporate regulator has launched an investigation into Macquarie Bank’s financial planning arm, requiring it to “dramatically improve the standards of financial advice” provided and to set up a restitution scheme for investors after some of its financial planners allegedly gave poor financial advice. The move by the Australian Securities and Investments Commission follows recommendations by a Senate inquiry highly critical of both ASIC and the Commonwealth Bank.  The committee recommended a wide-scale overhaul of the corporate regulator and recommended a royal commission into a scandal involving rogue planners in the CBA’s Commonwealth Financial Planning unit.  Facing the media, ASIC chairman Greg Medcraft said the regulator had already made a...
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