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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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What Consumers really want is ENFORCEMENT OF LAW...............................STOP PONCING AROUND! Consumers TARGETED by Lenders to entice them into unsafe high risk 30 year LOW DOC HORROR PRODUCTS want one simple thing:  JUSTICE. Banks across Australia have been permitted by several Governments to approve TOXIC Sub Prime Loans and get away with criminal activity. If we approached a banker with a balaclava and a gun, we would be urgently arrested. Its the LACK OF ACTION when consumers are plundered by Greedy Banks and stripped of their home that causes a justifiable outcry in Parliament.   ASIC LYING to Parliament about the extent of the Banker Theft of homes, has caused the greatest number of submissions to any Inquiry into ASIC. Have a read of the 431 submissions, and still being loaded up on to the Senate Site for the world to read.  Constant references to 'ASIC LIED TO PARLIAMENT" Yes indeed they...
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  • doyla66
    doyla66 says #
    So obvious! It must be stopped and we do not want more of the same. Brokers set up by Banksters, Borrowers set up by Banksters.
  • doyla66
    doyla66 says #
    As I see it and as many others see it neither party wants this exposed "THE BANK FRAUD" because too many of our politicians have l
  • doyla66
    doyla66 says #
    Government must get on board now, sort ASIC out and take consumer protection from them, they have been a complete failure in that
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This is a classic comment from one of our readers and worth blogging.  Yes it appears you are in agreeance with our DOWN DOWN COLES blog. "Mossy" What is with this country, why do we keep selling out. Is it not time POLLIES for us to go back to the drawing board the last 2 elections have seen the people vote in protest to what is being put in front of us NOTHING. We have no future plan in place and we keep pandering to the big multi-nationals believing what they create for us will carry us through as a nation. Well that is crap and it just shows a total lack of initiative allowing Banks and Multi-nationals to make all the decisions for us has lead us to the dismal state we now find this country in. FACT 3 million people did not vote in this election, splinter and minor parties picked up a...
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  • doyla66
    doyla66 says #
    To allow another Bank into the market place before the current Banking and Finance industry has been cleaned up would be nothing s
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