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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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Subscribe to this list via RSS Blog posts tagged in CBA EXPOSED
Commonwealth Bank compensation bill may run to multi millions DateJune 14, 2014 Read later Adele Ferguson and Ruth Williams   inShare submit to reddit Email article Print Reprints & permissions   EXCLUSIVE Illustration: Simon Bosch Misconduct claims widen in CBA's planning scandal The Commonwealth Bank could be forced to pay hundreds of millions of dollars in additional compensation to customers who claim they were victims of misconduct including fraud and forgery in its financial planning business. A powerful Senate inquiry into the Commonwealth Bank's financial planning scandal is set to hand down a report later this month. Fairfax Media understands that it will call for a broadening of the compensation being offered to thousands of customers. The chairman of the Senate inquiry, Senator Mark Bishop, told Fairfax Media he was not satisfied that adequate compensation had been paid to affected customers of the bank, some of whom lost their life savings...
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For Consumers dealing with ASIC, its fraught with TENSIONS AND FRUSTRATIONS.  Senators exasperated by the same mumbo jumbo from ASIC luminaries.  Our Members have all been down that road!!!!  ASIC has no idea what "critical risk" is in relation to consumers.  It will protect our wretched and deceitful Bankers at any cost.   COST of ASIC's do nothing approach being $400 million per annum.........................great protection racket!   Is it any wonder that ASIC is now the subject of the Senate Inquiry into the regulators own nefarious activities.    This email address is being protected from spambots. You need JavaScript enabled to view it. http://www.smh.com.au/business/cba-faces-broader-compensation-payouts-at-asic-inquiry-20140605-39lx5.html CBA faces broader compensation payouts at ASIC inquiry BusinessBanking and Finance June 6, 2014 Adele Ferguson   In another twist in the Commonwealth Bank financial planning scandal, Senator Mark Bishop asked the corporate regulator to consider imposing further conditions on the bank's licences to force it to broaden the compensation program to the customers of financial advisers who had been identified as a ''critical'' risk...
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