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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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BFCSA Blog

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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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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Obviously, ASIC was a waste fo money - but then no regulatory oversight into financial products and services - run by the Banking Cartel - that's caused the Global Financial Crisis.  Sounds like Hewey Dewey and Louey in charge of This email address is being protected from spambots. You need JavaScript enabled to view it. Budget 2014: ASIC's funding cut in move away from financial sector oversight BY LEXI METHERELLUPDATED THU 15 MAY 2014, 9:17 AM AEST The Federal Government is cutting funding to the corporate watchdog, as it pushes for less regulatory oversight of the financial sector. Over the next five years, $120 million will be pulled from the Australian Securities and Investments Commission's (ASIC) funding. A spokeswoman for Finance Minister Matthias Cormann, the minister responsible for ASIC, says the saving is necessary for the Government to repair the budget. But less than a decade after banks sparked the global financial crisis, the Government is signalling it wants to reduce regulation of the sector. Parliamentary Secretary...
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For the benefit of readers:  The SECRET SERVICE CALCULATOR (only banks, brokers and insurance companies have access passwords) had its existence made known to members by BFCSA in late 2012 and for 12 months, members have all been asking for their one page copies.   A few of these documents emerged, but sadly, our banking world is a Cartel governed Industry.  Suddenly, their dirty secret was out and they could not put the Genie back in the Bottle!  The FACT that no client of banks were ever told of this secret calculator's existence and never disclosed that it was used to skew their income to say $50k up to $180k.  Bankers never intended for this one pager to see the light of day.  The SCF and the ICW was actually ATTACHED by bank command, to the Loan "Application Form."  Banks had denied the LAF discovery for some years before and we won that battle.   Discovery of the SCF and its...
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  • doyla66
    doyla66 says #
    The bank's internal service calculator is very different to ones provided online. I have a copy of one. Also David Liddy gave a g
  • Denise
    Denise says #
    Senators have copies of the ICW and Service Calculator and so do ASIC - delivered in person. All have been fulled briefed. I wil
  • Denise
    Denise says #
    Dear Noemail, If you wish to view copy of service calculator (we have written many blogs on this and will be more) and ICW, just
  • doyla66
    doyla66 says #
    Denise, You have maintained the secret calculator's existence; The SCF and its second page ICW (Income Work Sheet - massaging in
  • Denise
    Denise says #
    Low Doc and Full Doc loans were developed to provide people with lifetime of debt. Loans you could never escape from, no matter if
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