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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/business/which-bank-is-on-notice-after-asic-probe-into-scandal-20140519-38k5v.html   Which bank is on notice after ASIC probe into scandal?  Business Date May 20, 2014 Adele Ferguson  smh   Commonwealth Bank could face suspension or cancellation of its two financial planning licences if it breaches new conditions imposed on it late last week by the corporate regulator.  In the latest embarrassment for the CBA over the financial planning scandal, ASIC slapped the new conditions on the bank's licences on the basis its compensation process for customers of dodgy CBA planners was inadequate.  Imposing licence conditions rather than entering an enforceable undertaking speaks volumes about how serious ASIC is taking the latest development.  The fact that CBA has agreed to these conditions and waive its right to challenge them at a hearing shows how serious it is taking the regulator on this matter.  The Senate inquiry into ASIC's performance was sparked by ASIC's delayed response to information about a cover-up...
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If every BFCSA Member was sitting in a single auditorium tonight, watching FOUR CORNERS, a roar and thundering applause would be heard from all those who have suffered at the hands of the FOUR MAJOR BANKS.  Tonight was one peak at fraud, forgery, misleading & deceptive conduct, shredding documentation, cover-ups and lies at the hands of executives and lawyers at the Commonwealth Bank of Australia.  Yes on the surface it appears to be a "Rogue Planner," who was well paid for his silence.   Yet decent Planners have been speaking out that over 100 Planners in the same bank were all doing the same things, under instructions from CBA, driven by huge commissions paid by greedy bankers, with some of these banks recording $8 billion in profits per year and more.  Shareholders have no idea of the risk exposure they are under right now. Industry bods have been at pains to...
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  • doyla66
    doyla66 says #
    I remember I signed up for a con Bank Credit card due to a promotion. I never got the $50 promised as a reward. They cleverly avoi
  • doyla66
    doyla66 says #
    CommBank say they've cleaned up their act re rogue financial planners. Who believes it? CommBank were defending their concept of "
  • doyla66
    doyla66 says #
    Today I witnessed why all our cries for help to our elected leaders since 2007 have failed. We would of been better served to make
  • doyla66
    doyla66 says #
    How very interesting knowing both CBA and ASIC refused to take part in the story. Another huge admission of guilt of course re wh
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