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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 crimes in Australia
BFCSA Members have managed to make their presence felt.  As one member stated: "Can't believe Reserve Bank Australia have given the interest rate cut today and within the hour, the four Major Banks have passed on the FULL rate cut!   Normally it takes the banks a week or more to pass on 50%.   Bankers must be feeling the pressure!!!!!! Let's keep it up Members!!!!!" Yes indeed.  Banks fear a Royal Commission, lest all their grubby whopper Low Doc Mortgage Fraud secrets come oozing out from their vaults.  Now all we need is a few executives thrown across the boot of their cars and unceremoniously hand-cuffed.....all on the nightly news. The Banking Sector teach all brokers to use the bank engineered SERVICE CALCULATOR and entry is via the bank's own password.  Brokers then must type the correct income figures into the top left hand corner of the screen.  The Bankster calculator then delivers the "fudged figure" at the bottom...
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  • doyla66
    doyla66 says #
    From Greg Canavan in Melbourne: "--We'll make one more point about the interest rate issue before we move on. The banks immediatel
  • doyla66
    doyla66 says #
    Great advice, Denise. Good questions - Where are their super profits coming from? Comparison of successive annual statements shou
  • doyla66
    doyla66 says #
    Good advice. If every borrower does this, skippy will be obsolete in no time. Lending will be down further. Banks are passing on f
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0 0 0 Sub. 23   Our Submission to the Senate Inquiry “Effects of the GFC on the Australian Banking Sector” Economics References Committee P.O. Box 6110 Parliament House Canberra ACT 2600 23/05/2012   Dear Senators, Before you read this letter, my family & I would like to Thankyou for taking the time to read about our harrowing & disconcerting experience with Commonwealth Bank / Bankwest This is our story - my name is David Crisp & my wife of 46 years is Margaret. I am 67 years of age and I am writing to you because we have had our whole life savings taken by the banking systems of the ‘Commonwealth Bank / Bankwest.   My wife & I have been in business since the age of 21. We have been happily married for 46 years and we have raised 4 wonderful sons. One son works for an airline; the other...
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  • doyla66
    doyla66 says #
    Dear Crisp family, I truly feel for you and what you are going through. It is heart breaking to see everything you have worked for
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0 0 0 0 0 0 These excerpts are taken from a Submission to Parliamentary Inquiry.  28 April, 2012 Senate Standing Committees on Economics PO Box 6100 Parliament House Canberra ACT 2600     Dear Sir I Madam, I wish to make a submission within the terms of reference above; regarding an incomplete and misleading valuation of a property, commissioned by the Commonwealth Bank of Australia, which was subsequently purchased under mortgage to the CBA. I am now trying to sell the property, and it is worth nothing like its valuation. This has caused me to be unable to discharge the mortgage, for which the CBA is now rejecting any form of responsibility.   Consequently, the valuation over-estimated the value of the property and provided a misleading basis for decision making regarding {a) the merits of purchasing at all, and (b) at the specific price that could be regarded as reasonable...
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  • doyla66
    doyla66 says #
    Don't bank with any of them. Try societies like the Teachers Credit Union, Nurses Credit Union, etc.
  • doyla66
    doyla66 says #
    and the bank also slugs us for the valuation and revaluation fees as well...
  • doyla66
    doyla66 says #
    My partners property was valued by the bank earlier this year at $200k less than the valuation in 2008 at the time he refinanced.
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  29 Jun 2012 - Good reading and video at: http://barnabyisright.com/2011/06/29/rba-says-our-banks-are-stuffed-in-other-words/#comments   Yesterday, RBA Assistant Governor Guy Debelle indulged in some MOPE.   Management Of Perceptions Economics.   Lies, deceit, and propaganda, in other words.   But for those with an ear to hear, and an inclination to check the “authorities’” claims, what he really did – unintentionally – was to give us a heads up.   That our Too Big To Fail banks (TBTF) are going to get bailed out, sooner rather than later.   Go grab a modest quantity of your favourite beverage, and settle in.  You are about to learn – in detail – why we cannot trust a word the banksters say.   Ready?   Now as expected, the mainstream press all lazily parrotted the “everything’s fine, move along, nothing to see here” headline that Mr Debelle wanted. Here’s a good example, from the nations’ “premier” newspaper:...
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  • doyla66
    doyla66 says #
    "why is the Australian taxpayer on the hook to backstop the banks?.." Why not change this scenario around in favour of the tax p
  • doyla66
    doyla66 says #
    Lisa, 'you're a woman after my own heart', but would you be employable to the press? Hmm, let me think......computer says, "no" r
  • doyla66
    doyla66 says #
    A big read Lisa. Keep them coming.
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Posted by on in Bankers A Law Unto Themselves
Often when you tell people your story and plight with the banks or to the media- they comment - but you signed the papers. My next question to them is - so you think it is okay that fraud has been committed and that the Banks are profiting from it? Are you saying that the banks are above the law and should not be accountable to the rules set by the law of this country.  No matter which way you look at it - a crime has been commited and it needs to be investigated. Isn't that why we have laws for?  Crime is crime. No sugar coating of it or exceptions. When put that way to most people - they understand better and agree - if fraud has been committed - it needs to be investigated. So if you speak to the media - make sure you ask that question. Remain focused...
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  • doyla66
    doyla66 says #
    I am interested!
  • doyla66
    doyla66 says #
    Based on what I've read about the other political options this is probably a good time to kick off a new party. Who is the brillia
  • Denise
    Denise says #
    Hands up those who wish to be part of new party? We have a brilliant leader, an exciting name. I cannot be leader as it would de
  • doyla66
    doyla66 says #
    http://www.bfcsa.com.au/index.php/entry/bfcsa-demands-to-federal-government
  • doyla66
    doyla66 says #
    We should call for a Suspension of Normal Business in the House, and possibly a joint sitting to attend to the crime and corruptio
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