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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 Australian Liar Lending
Our Members have now amassed 1500 plus dirty Mortgage Liar Loans including UNVERIFIED FULL DOCS.  ASIC culture permitted banks to continue as normal.....................knowing ARIPs (Pensioners who owned their own homes) were being maliciously targeted by criminals in the Australian Banking Sector.  ASIC Former investigator tells us why ASIC developed sub-cultural problems.  We know the turnover of staff down there is nauseating!  ROYAL COMMISSION into Banking Sytem urgently required.   This email address is being protected from spambots. You need JavaScript enabled to view it. http://www.investordaily.com.au/36114-asic-public-service-culture-criticised ASIC Public Service culture critiscised 22 August 2014 Friday 22nd August 2014 A former ASIC staffer has taken the corporate regulator to task for its “heads on sticks” approach that has prevented it from tackling major structural issues. Stephan Kasanczuk is a director of the consultancy firm WolfThink and a former investigator at ASIC’s predecessor, the Australian Securities Commission. Speaking to InvestorDaily, Mr Kasanczuk predicted ASIC’s current scrutiny of big institutions like the Commonwealth Bank and Macquarie will be short...
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  • Aries
    Aries says #
    Of course it will be short lived if indeed they are doing anything at all. Even if they are you can bet their will be a loop hole
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http://www.smh.com.au/business/banking-and-finance/australian-banks-need-ringfencing-law-says-former-bank-of-england-governor-20140805-100ft3.html Australian banks need 'ring-fencing' law, says former Bank of England governor Banking and Finance Date August 5, 2014 Former Bank of England governor Lord Mervyn King says Australia should look at the “ring-fencing” law adopted for banks in his home country, to avoid “the terrible moral hazard” of taxpayers bailing out banks for risky investments made by their trading arms.  His comments came after Financial System Inquiry chairman David Murray told Fairfax Media that a version of the “ring-fencing” law adopted from the Vickers banking inquiry in the United Kingdom should be considered in Australia. Speaking on the sidelines of the annual Diggers and Dealers mining conference in Kalgoorlie after delivering the keynote speech, Lord King said other countries could benefit from studying Vickers.  “Vickers combined a high degree of ring-fencing, with higher capital requirements for banks,” Lord King says. “…I think people in Australia have to look and see...
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