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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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Posted by on in Consumers Fight Back
Dear Mr Denovan  (copy to Senators Economics Committee of Inquiry: : Banking POST GFC You say there is no legal requirement for loan assessment. Wrong answer Jon….and you are on the Board of COSL? And Gadens do the lion’s share of the mortgages our Members are attempting to extinguish? Our advice is that the Bankers Code says the rights under the Code are additional to law. So the assessment under reg A25 is an additional warranty the bank gives you. In laymen’s terms the Bank is happy you can afford to repay. To assess, these Bankers/Lenders must look at the LAF. If they do assess on EVERY occasion in Low Doc Loans, like us, they will SEE a mix of handwriting. The Banker/Lenders MUST also vet the details with the borrower. A phone call would have been appropriate, yet banks chose NOT to phone customers to check income as a “standard industry...
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  • doyla66
    doyla66 says #
    Given the fact that he is on the board of COSL and has such a biased opinion - shouldn't he be made to step down due to conflict o
  • doyla66
    doyla66 says #
    After reading his publication - one is left questioning his integrity, morals, ethics and character.
  • doyla66
    doyla66 says #
    My ING Bank scanned LAF copy clearly presents 3peoples handwriting & unauthorised "white-out" altering it's true construction!!!
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From a Members:  ASIC (A SIC Joke) complained that people made complaints, but were not forthcoming with the evidence. (Liar liar - pants on fire). ASIC received 400 specific complaints from BFCSA Members four weeks ago.  Senator Williams referred to BFCSA Members and Denise and, ASIC said they had asked Denise for some evidence and she has not given it to them.  And just why should Denise Brailey be doing your job? I have said that very thing to an ASIC Commissioner in a face to face meeting in 2001:  “why am I doing ASIC's job?” “This is not my job to go out and find evidence for ASIC……….you have the powers and the corporate databases to research…..I do not have the powers to go down to the bank and conduct a raid and seize documents.”   In fact ASIC charge me $30 a time to search every document.  ASIC officers must...
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  • doyla66
    doyla66 says #
    Is is not the case that NO federal agency is permitted to make profit? Has this policy changed? Or, is it only applicable to other
  • doyla66
    doyla66 says #
    What chance of ASIC acting on BFCSA 'substantive' complaints when, ASIC tell AFP "take a running-jump" on RBA bribery scandal. An
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The Broker was the Agent of the Lender:   THE ARGUMENT OF AGENCY  Denise L Brailey   Ostensible Authority:  1.       There existed strong Ostensible Authority links directly between Introducers and Lenders.   The links are as follows: a.       Introducer’s were provided with database access to track their approvals. b.      Introducer’s were provided with stationary bearing the Lender Logo’s. c.       Introducers were provided with Lender material to enhance sales. d.      Emails between Loan Processing Officers and Introducer ensured direct communication between the Lender and its own agent: the Introducer. e.      Lenders employed BDM’s to teach Introducers the system and how to maximise loan approvals....driven by a very high commission structure provided by the Lenders. f.        Emails between BDMs and Introducers paint a clear picture of loan acceptance practices. g.       ABN ‘for a day” became standard industry practice and accepted by the Lenders h.      The Lenders were at all times the creators of the system and at all times “in control” of operations retaining the power...
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  • doyla66
    doyla66 says #
    Thankyou, Denise. I agree, Blackedout - every pollie needs an education, and a few judges, FOS, COSL, ASIC, ACCC, APRA, AFP, PM a
  • doyla66
    doyla66 says #
    THAT, ABOUT SUMS IT UP. COPY WHAT DENISE HAS WRITTEN RESEND TO ALL POLY`S.
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Pay up every last $ of your debt to our community - hand back every home that you have stolen by trickery and deceit. Just as you systematically raped pillaged and plundered vulnerable people's bank accounts and deliberately set up a plan to steal their houses and wipe out every bit of their financial security, I decided to come after each one of you.  It may have taken me over a decade to discover the mechanics of the fraud and the plan to blame brokers, and the plan to walk away scot free with $100 million bonus packs........but your plans are now unravelling. People ask me why I do what I do?  Why I continue to assist people and listen to cries for help and respond.  The answer is simple:  I was blessed with  decent parents who taught me right from wrong.  Your Banker Plots were more than EVIL.   The CARTEL grew as regulators became used to accepting lavish...
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  • doyla66
    doyla66 says #
    So saddened to hear the news. We all need each other to be strong. Blessings and Prayers.
  • Denise
    Denise says #
    Thank you to everyone who has expressed condolences. I will find out progress and hope she is back blogging again better than eve
  • doyla66
    doyla66 says #
    Bank executives must go to JAIL. Take back THEIR HOUSES, take back their bonuses, take back their paypackets. They cannot profit
  • doyla66
    doyla66 says #
    I'm so sorry to hear another one has reached the bottom and felt there was nowhere else to go. I bet there are a lot of us out the
  • doyla66
    doyla66 says #
    I feel phsically sick to know that one of our members has reached such a low ebb that taking their own life seems like the only wa
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Posted by on in Corrupt Regulators
Cassimatis may have another story to tell - think outside the square. Do you really trust ASIC????? Why aren't ASIC prosecuting CBA, for approving the loans????  Did the bank officers pump up income on LAFs even higher???? We think so.   So we are now seeking the truth.    Why is ASIC taking the adviser to court?  What about the Bank secret weapon - the engineered Service Calculator?  Which BDM's taught brokers to target "older persons?  ARIP's?  ASIC could have prosecuted all banks involved in 2008........why now? You want the truth?  Follow this saga carefully........... This email address is being protected from spambots. You need JavaScript enabled to view it....
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  • doyla66
    doyla66 says #
    ASIC are "big" on the contractual issues (Contract Law). Is this the extent of their capabilities or an ASIC policy? I have anothe
  • doyla66
    doyla66 says #
    Thank God you understand what we are up against it trying to get justice jaycee
  • doyla66
    doyla66 says #
    That is right ASIC - expose them only for MIS and not for LAF fraud. If you did that then AOFM would have to check unregulated RBM
  • doyla66
    doyla66 says #
    Did ASIC do inventory of bankster 'used' white-out bottles or criminal audit of 1000's of full-doc LAF fraud committed by 'real' b
  • doyla66
    doyla66 says #
    Thanks for the insight. Can understand now.
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Posted by on in Consumers Fight Back
Dear Mr Abbott Your response to Mr Styles is grossly inadequate given what is occurring in the Senate.  I can only assume the Minders have not briefed you on this issue.  Quite simply you are either on the side of the Constituents or on the side of the Banksters.  You are on the side of looking for truth or you are on the side of those who would corrupt our political system.  You are on the side of 100,000 families caught up in the greatest banking scandal in our Nation's 232 year history, or on the side of regulators who blatantly lie to the Senate.  Please ask your colleagues in the Senate to brief you on what is going on up there and take a stand.  Someone has to be on the side of the people, surely? Two of the Families who went through 8 years of agony to win in the recent High Court decision, are your constituents.  I think Johnno...
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  • doyla66
    doyla66 says #
    Excellent Wayne, i agree we need the response to come from him - so just need to keep hounding him and the pressure will ultimatel
  • doyla66
    doyla66 says #
    Well done Wayne, fantastic reply - did you send it to him??
  • doyla66
    doyla66 says #
    Hi Ali - yes - I sent the reply to Tony Abbott on Sunday 23rd Sept. I am looking forward to a proper response from the man himsel
  • doyla66
    doyla66 says #
    Dear Mr Abbott, Is your reply a joke ? If it is, then we can assure you that it is not in the slightest bit funny. We are aski
  • Denise
    Denise says #
    LIST of questions we think the Opposition needs to be asking the Federal Government. Opposition Major Party's job is to ask quest
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