GLOBAL SUB-PRIME CRISIS

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BFCSA
MORTGAGE
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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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   NOTES TO INTRODUCTION TO PARLIAMENT by Denise Brailey 20th February 2014   Regulatory neglect has caused financial losses for ordinary citizens from a recorded $1.5 billion in 2001, to $80 billion by 2007 and today, those figures have risen yet again.   In 2013 The Chairman asked that I meet with his Commissioner. I advised the lawyer I was preparing to lightly redact some copies of 2000 emails I had received. The internal emails were written by Bank Officers known as BDM’s, and sent to all brokers. BDM’s were offering to write up applications to save time. I prepared 200 for ASIC and presented them to the Commissioner.   There are six emails and letter of instructions between ASIC and me. ASIC main focus was stated as “the emails” not the Loan Application Forms. ASIC had many copies of LAFs. I had loaded many of the LAFs onto my website...
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  • doyla66
    doyla66 says #
    ASIC "admit they have been “monitoring” most of the details provided by RECA and BFCSA since 1998".. this is shocking how much the
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