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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 Bankers Crime Spree
We have arrived:  The Big Bank Scandals - let the games begin! http://www.abc.net.au/pm/content/2013/s3770355.htm ASIC threatened with class action after Storm settlement Justine Parker reported this story on Wednesday, May 29, 2013 ASHLEY HALL: The corporate watchdog says it's had a significant victory in the long-running saga of the failed investment company Storm Financial. Lenders, including Bank of Queensland, Macquarie Bank and Senrac, have agreed to pay a total of $1.1 million to compensate two former Storm investors in an out-of-court settlement.  But lawyers representing other Storm investors are now threatening to launch a class action against ASIC. They say ASIC has dropped the ball on this case. Justine Parker reports. PETER KELL: The settlement reached today with the Bank of Queensland and Macquarie, have agreed to pay $1.1 million to the Doyles, Barry and Deanna Doyle. That's full compensation for the financial loss arising from their Storm investment. So it's a...
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  • Susan
    Susan says #
    How about ASIC use its $500,000,000 annual budget to pay these people?? That way, the budget would be put to good use for a chan
  • setup
    setup says #
    Mr and Mrs Doyle are indeed very fortunate but why did it take so long to settle one case? Now they have hundreds more to settle a
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http://www.smh.com.au/business/banking-and-finance/too-big-to-fail-hands-big-banks-45-billion-subsidy-20140827-108xta.html 'Too big to fail' hands big banks $4.5 billion subsidy Banking and FinanceBusiness Date August 27, 2014 The big four banks receive an annual subsidy of up to $4.5 billion from being perceived as "too big to fail" which should be paid for by a levy or increased capital charge, the Customer Owned Banking Association said in its second submission to the financial system inquiry.  The issue of how to reduce moral hazard when failing banks receive government support has been a hot-button issue for David Murray's inquiry. Ending the perception of "too big to fail" is also a key agenda item for the Brisbane G20 leaders summit in November. COBA's submission attached analysis from modelling firm Macroeconomics quantifying the annual average value of the subsidy to the big four from being seen as too big to fail as between $2.9 billion and $4.5 billion, as funding costs were reduced...
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  • Aries
    Aries says #
    Jail the crooks, confiscate their assets and throw them into jail where they belong.
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