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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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http://www.theage.com.au/articles/2004/06/15/1087244895759.html?from=storylhs  The mortgage wars  June 15, 2004   The home-loan market is shrinking, the banks want their profits back, and the mortgage brokers will be fighting for survival, writes James Kirby. Stand back for a bruising battle in the $100-billion mortgage broker market. Falling house prices, shrinking loan volumes, and tougher regulation spell trouble for an industry that has never faced a downturn. Worse still, the banking industry is waking up to the fact that it threw away profits to this upstart sector in the good times. Now it wants the money back. ............. The banks have already made their first moves. On June 1, the Bank of Queensland cut all ties with mortgage brokers.   The move by the thriving Brisbane bank has set off alarm bells throughout the mortgage broker market. The Bank of Queensland's chief executive, David Liddy, says: "We decided to go back to doing it ourselves with our...
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http://www.theaustralian.com.au/business/opinion/ian-narev-must-show-he-wont-let-planners-crisis-go-to-waste/story-e6frg9io-1226969443463 Ian Narev must show he won’t let planners crisis go to waste by:John Durie From:The Australian June 28, 2014 THE old adage says you should never waste a good crisis and the question being asked is whether that is exactly what CBA chief Ian Narev is doing with his financial planner crisis.   Narev yesterday sent an email to staff saying, “As I’m sure you do, I feel very disturbed by the actions of those advisers, and the resulting impact on our customers, even though the events happened years ago.’’  Finance Minister Matthias Cormann takes the same attitude, arguing in response to a question from this column that the industry has changed and the rules were now in place even after his FoFA changes, which lower the bar for the big banks.  “The events investigated by the Senate committee happened sometime in the past, incidentally over the period of the previous...
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http://www.afr.com/p/business/sunday/anz_denies_using_risky_business_EEaHn9Xwfe8xdAjkZhGT0M ANZ denies using risky business to attract clients PUBLISHED: 04 Nov 2013  John Kehoe ANZ Banking Group has been accused of lowering its lending standards, with major bank rivals claiming it is ­taking on extra risk to win new business customers..............Sources at two big banks have both told The Australian Financial Review that ANZ is acting the most aggressively in the business lending space.  “Conditions in the market are resembling pre-GFC appetite for risk,” an executive at a major bank said.  “We’ve seen ANZ in particular be very aggressive on pricing and credit terms in the SME business market, particularly for commercial real estate.” The Australian Prudential Regulation Authority and the Reserve Bank of Australia have warned banks not to take extra risk in a low interest rate environment where demand for business loans remains subdued.  APRA has ramped up its surveillance of credit quality and visited bank boards to...
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