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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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The Big New Year warning for 2015...NO TRUST or confidence should be attached to Bankers and Bank Financial Products such as mortgages and credit cards unless you wish to become one of tens of thousands of "slaves to bank debt." These iniquitous bank products have no financial escape - only financial ruin. I am consistently asked: can you recommend a good financial planner.  It is my job to tell the truth and warn consumers the fraudulent mortgage and credit products are engineered by the four major Australian Banks.  If you are thinking of applying for a loan you suspect is unaffordable from income and may not last for 30 years, the answer is simple: no matter what strategy that sellers are trained to convince you that this loan is affordable  the truth is its a bank engineered scam of magnificent proportions - all states in  Australia. A couple ask: Dear Denise, There are plenty of...
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The emails have been flowing and the comments are from those suffering: eg from Peter: Unbelievable interview and Alan Jones actually understood what is happening. The blog by Aries has a hell of a lot of major points, all extremely important and is showing that this government doesn't care a dam about people who have been scammed by the banks.  The day of reckoning is upon us. If you missed out on ALAN JONE'S amazing and passionate please for Royal Commission which took up 45 minutes of explanation on what the Cowboys of the Banking world have been up to and why it is "so shocking - we need a Royal Commission."  The $30 billion - yes $30 billion profit from the Major Banks is disgraceful - "some one is cheating."  That Cameron Clyne resigned after five years of work with $7 million per year, $22 million bonuses, $1.1 million income...
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    Aries says #
    Alan Jones can't stand the ordinary people being victims of fraud or corruption. He fights tooth and nail until the wrong has been
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http://www.afr.com/p/blogs/christopher_joye/comment_cormann_fofa_changes_gift_xrftj36KtmoyEsHZjRtOrN Comment: Cormann’s FOFA changes a gift to big banks PUBLISHED: 20 Jun 2014 13:06:00 | UPDATED: 22 Jun 2014 10:23:52PRINT EDITION: Christopher Joye The Coalition’s ostensible back-flip on its “reforms” to the Future of Financial Advice (FoFA) Laws, which were originally introduced by Labor to thwart mis-selling crises, will still radically change the way financial service products are sold and businesses organised.  But because politicians speak with forked tongues, and the Coalition has now occupied three different positions on the subject since December last year, the evolution of the changes needs to be traced to understand their significance.  Under Labor’s FoFA law all forms of so-called “conflicted remuneration”, including sales bonuses and commissions paid by employers or third-party product suppliers to individuals (eg, a bank teller, stockbroker, or planner) selling products to clients, were banned unconditionally for all products except loans, deposits, and insurance. This ban applied to situations where...
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