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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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Time to focus on the warnings of yesteryear according to our intrepid researcher Gladys, which obviously shows Mackers was headed by the blokes at the top on a cut and run mission.  Millionaires Factory? Yes indeed,  low doc loan (toxic sub prime) customers and retiree investors lose all capital, income and homes....we know many of them!  One investor rang me in 2008 to lament Mackers had lost him 70% capital on one investment!  "ASIC was useless" he said......well we all know that has been the a situation "normal" with the regulator for 14 years.  Even the Ombudsman said they were extremely difficult to deal with along with their mates/partners like FIRSTMAC (ex TONTO) and Kim Cannon who charges $100 for poverty stricken loan victims to recover 11 pages of their file!!!!   I digress. American managers have been calling me for some years and one said in 2010: "we would not allow...
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  • setup
    setup says #
    The warnings were cammoflaged therefore there were no clear warnings to the innocent and unsuspecting. Time to pressure and make
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All Banks have to do to boast Prudent Lending Practices that advantage their customers, is to PRESS THE EASY BUTTON?  Will Banks do that and stop their nefarious activities in Toxic Liar Loan Mortgage Lending?  Not likely. They say all too hard as no profit in clean products but obscene profits in toxic mortgage products...engineered by four Major Banks.   Bankers use Fraud, Forgery and Maladministration in Lending in approval processing aided by their favourite weapon:   the dreaded service calculator.  Next banks will move the loan approval process OFFSHORE as if a Nigerian Scam...............wait for it....coming to a bank nearest YOU! ASIC and APRA will bleat: outside our jurisdiction.......................Back to 1950's BUYER BEWARE OF BANKERS and toxic financial products. They simply tell our Australian Prudential Regulator ("APRA") to bugger off.....same as bankers have been doing for two decades.  Then ASIC sends form letters to aggrieved consumers complainants re Banks,  to clear off as...
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Hi to all,            Please forgive me if I sound erratic because I cannot fathom the dribble.  It is just beyond me!! The time frame may be out - FOS COSL etc but to be honest I couldn't be bothered entertaining any energy on these dingbats at the moment. Received a letter from FOS after they re opened our case realizing that BNY Trust who apparently had our supposed account was under the FOS banner after all.  Now mind you this account has gone from HLP to Pepper Home Loans to Mobius to Perpetual under the guise of JP Morgan Trust somewhere.. then somehow materialized under BNY trust. I may have even missed someone out there, after harassing everyone for my LAF and other documents, which I might add are all doctored bollocks!! And I didn't get them all! The complaint went from COSL to FOS then back to...
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  • doyla66
    doyla66 says #
    Doug Cameron posted on his FaceBook site: I've been interviewed for a story on ABC TV's 7.30 program about problems with the Aust
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