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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 Bank Bashing
Bank bashing culture unfair: Lending manager Australian Broker News http://www.brokernews.com.au/news/breaking-news/bank-bashing-culture-unfair-lending-manager-182455.aspx by Amy Rosenfeld | 17 Dec 2013   A bank employee has hit back at the Australian "culture of bank bashing” following accusations ASIC is not doing enough to stamp out fraud in lending institutions.Last week, Australian Brokerreported ASIC has vowed to crack down on fraudulent brokers, and is currently investigating 20 cases of mortgage fraud.Many readers strongly supported the move from ASIC to take down the “rogues” in the industry, but highlighted an apparent disparity between ASIC’s stance regarding fraud in lending institutions compared to fraud in brokerages.The lending manager, who wished to remain anonymous, toldAustralian Broker banks have become an easy target for brokers.“I think Australia has a culture of bank bashing, we’re kind of like a favourite target – it’s politicians and bankers. Brokers have their own culture and will say ‘don’t deal with the bank, deal with us’, but at the end of...
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Recent Comments - Show all comments
  • doyla66
    doyla66 says #
    What about borrower bashing? God knows borrowers have had enough of that for years. They've been the scapegoats for all the Bank i
  • doyla66
    doyla66 says #
    Bash away everyone. The Lenders/Banks deserve everything they get. Get into them Brokers, you have all been used up and are now
  • doyla66
    doyla66 says #
    I think all the good brokers woke up to what was going on a long time ago and do not trust ASIC or those evil Banks any more than
  • doyla66
    doyla66 says #
    great to see brokers finally waking up after reading those comments... who would be a broker these days??
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