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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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Subscribe to this list via RSS Blog posts tagged in ASIC Madness
  Our favourite Banksters are getting more and more desperate to avoid the consequences of their dishonest asset lends and LAF fudges, that not only have got their EDR schemes limited to 500k, they are telling the poor folk at Financial Ombudsman’s Service (“FOS”) that are trying clean up the carnage of irresponsible lending.  Surely FOS is not falling for that one?   Lenders are also suggesting that: “we Banksters do not have the LAF the borrower signed; (before the Bankster Chain fudged it), we only have an electronic reproduction that our clerical staff typed up after the loan had been settled.      If BFCSA Members and Readers look at that closely, it only includes what the Bankster lot want to show us, now we have turned up the blow torch.   But if FOS takes the lead from the courts and precedence, then if the borrower says: “that’s definitely not...
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  • doyla66
    doyla66 says #
    CBA definitely did a number on me with the help of a mortgage lender, HOMELOANS Pty Ltd. Never use them.. they are disgraceful. B
  • doyla66
    doyla66 says #
    Torch the getaway car, throw the gun in the river, shoot the witnesses, burn the house down, all these classic cases of destroying
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Blatant and systemic cover-up by ASIC permitted the Major Lenders to profit from an obvious fraud.  That is the bottom line.  ASIC continued this farce of protecting Banks for over 14 years knowing NSW consumers in particular could be protected.   Since 1980, ASIC haqd the benefit of the Contract Review Act in NSW and most contracts could have been ripped up had ASIC truly wanted to protect consumers.  But ASIC had to chose between protecting Banks and also protecting consumers.  ASIC chose not to warn consumers that this was a Bank scam.  ASIC chose to watch RECA and later BFCSA dig into this scandal and knew most loans would implode within 6 years and ASIC planned to say "out of time."  That is in itself false as FRAUD AND FORGERY were everywhere across all documents known as Loan Application Forms.  It knew about the dreaded service calculators, whose ingenious creator...
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  • doyla66
    doyla66 says #
    All Australians have a right to expect a more diligent and honest work ethic by ASIC management. They have failed, repeatedly and
  • doyla66
    doyla66 says #
    ASIC should have told their mates (banks/lenders) to pay up and move on long ago just to shut us up. Their liability may have been
  • doyla66
    doyla66 says #
    BFCSA will keep the pressure on you Asic until you decide to tell the truth. You know and everyone else knows you are guilty. Ther
  • Denise
    Denise says #
    I have just read ASIC's ridiculous Supp Sub 45.1 Omissions are in fact a criminal offence and ASIC excels in omissions. In fact,
  • doyla66
    doyla66 says #
    Very harsh and damning words but TRUE, TRUE, TRUE. ASIC have gone past the point of no return now. They have committed a mortal si
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Well we know what ASIC has been busy with this past decade:  handing out fines to Brokers for "non compliance of its old and new laws."  We have been consistently warning Australian Mortgage Brokers that ASIC will come after you chaps but will not use the 2010 laws against fraudulent loans generated by bank engineered SERVICE CALCULATORS that automatically fudge client income figures.   ASIC have been fully briefed on what is going on but refuse to act against the PROTECTED Bankers.  ASIC have the laws and the powers to handcuff and charge every bank executive involved in LIAR LOAN engineering.  So what is ASIC doing about that gem?  Absolutely NOTHING..........NIENTE......ZIP............In three years the "new" laws are now "old" laws and they are copies of previous legislative tools that ASIC had in its arsenal but failed to use for 14 years.  AUSTRALIAN BANKS have been handsomely profiteering, racketeering from fraudulent LOW...
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  • doyla66
    doyla66 says #
    "Commissioner Greg Tanzer says that ASIC regularly checks the veracity of information lodged as part of the requirement to lodge a
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How did the Banks have so many people contributing to their part in the biggest crime of the century?  How did Banks manage to keep all the 20,000 key players and thousands more internal staff like mushrooms? We know how the Sub Prime Low Doc Scandal trapped so many Australians.  We know why the regulators looked the other way for 14 years.   We have uncovered their secret weapon...............we have the evidence.   Just watch this space.  I am time poor so the actual loading and preparation takes time.  We have no funding and no paid staff but we are kicking goals.  For the doubting Thomas's we have the goods. For all those who have received letters from ASIC, APRA, AFP, FOS closed file letters and COSL "its fraud so cannot assist" - closed file letters.  PDF and sanitize and send to me.  We call them bugger off letters. BIG REVEAL...
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  • doyla66
    doyla66 says #
    s.25, Code of Banksters' Practice: "Get your (unsuitable) facts first, then you can distort them as you please."--Mark Twain
  • doyla66
    doyla66 says #
    .... Coz no ones going to see them buried in the lost Banker files! So the whole plan to get rid of the Bank credit evidence and
  • doyla66
    doyla66 says #
    I remember current affair programs depicting happy people using equity to buy investment properties, now i'm wondering if they wer
  • doyla66
    doyla66 says #
    They were actors, Maria. Occasionally they used real clients but if we had watched their eyes we would have realised that they wer
  • doyla66
    doyla66 says #
    I've often wondered how the Banks coerced, convinced or conned so many so-called intelligent, educated, law-abiding and aware peop
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