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BFCSA
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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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Xenophon and Labor extend olive branch to Cormann GARETH HUTCHENS 21 Nov, 2014   http://www.farmonline.com.au/news/metro/national/general/xenophon-and-labor-extend-olive-branch-to-cormann/2717926.aspx   The Labor Party and independent senator Nick Xenophon say they are willing to extend an olive branch to Finance Minister Mathias Cormann after they successfully disallowed his controversial financial advice regulations in the senate this week. A so-called "coalition of common sense" comprising Labor, Greens, independent and other cross bench senators voted on Wednesday night to disallow the Abbott government's Future of Financial Advice regulations in the senate. The move took the government by surprise and means the industry will now have to return to the former Labor government's Future of Financial Advice laws. In response, Mr Cormann issued a formal statement saying he did not plan to give up on his reforms and he still wanted to pursue the matter through the senate. "The government will continue to progress its substantive FOFA legislation giving...
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  Is Australia’s housing bubble about to pop? By: David Smith   Date: 22 September 2014 Investigative Journalist Uk     If Australia’s property bubble bursts, the consequences would be disastrous for an economy dominated by oversized banks. But Government policies aimed at propping up the market are simply making the bubble bigger. And bigger.  Is Australian Housing in a Bubble that May Pop? A first-time buyer trying to get on the property ladder in London - where houses have risen nearly 20% in 12 months - would find it scarcely credible that the British capital’s prices are a bargain compared to Australian properties. But successive Australian Governments have deliberately inflated a gigantic housing bubble. The ration of house prices to income is now nine times in Sydney, compared to 7.3 times in London and 6.2 times in New York. Even Adelaide, with a population of little more than a million, is more expensive...
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