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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 COSL Nonsense
Broker comments from Australian Broker News: Everyone knows that the lenders serviceability calculators are a joke. Get real and service each loan to each individual applicants own circumstances. and this from Broker to RAJ VENGA as CEO of COSL   But Raj, you forget that profit is king, not prudent lending or responsible lending. Now let's sit back and wait for the backlash from lenders and others telling you to butt out. and this: COSL's warning should be heeded as it's the broker in a few years time who will get the first call when rates go back up to the high six percent and borrowers can't pay, and it's the broker who will go through an agonising COSL investigation process to clear their name. From MY Desk:  This email address is being protected from spambots. You need JavaScript enabled to view it. NOTE:  DO NOT WRITE TO RAJ as he will say two thirds of our complaints from borrowers are fraud by our lender...
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  • doyla66
    doyla66 says #
    This sounds a lot like sabre rattling ie. don't push it because brokers and borrowers will get the blame. All the important people
  • doyla66
    doyla66 says #
    it doesn't help when COSL case manager (a Lawyer) writes and confirms this again over the phone that .... "We note that La Trobe
  • doyla66
    doyla66 says #
    Change, COSL should "white label" itself under "Claytons-EDR" serving a Claytons-Code-of-Non-Ethics, practicing FSP mortgage fraud
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From: COSL CASE MANAGER Sent: Thursday, April 18, 2013 10:15 AM To: WF Subject: RE: Final Decision WF and La Trobe   Dear WF Complaint regarding WF and La Trobe Financial Asset Management Limited We note that La Trobe does not subscribe to the Code of Banking Practice and therefore it does not apply to La Trobe.  As such, we were unable to have regard to it when reviewing your complaint. La Trobe requested that their product matrix (lending guidelines) be treated as confidential information.  Under our Rules, if we receive any information or documentation from a party with a request from that party that it be treated confidentially, we will not disclose that information to any other party without the consent of the person supplying the information, or as required by law (COSL Rule 33.2 – Eighth Edition).  Whilst we were not able to provide you with a copy of La Trobe’s...
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Tagged in: COSL Nonsense
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  • doyla66
    doyla66 says #
    Any suggestions of how we can communicate privately? I put an email address here and the post was deleted. It must be not allowed!
  • doyla66
    doyla66 says #
    Why not join BFCSA as a member today?...there a quite a few members with complaints against LaTrobe whom we could contact to see i
  • doyla66
    doyla66 says #
    Good idea Steven, Lets start a group working together with others against LaTrobe . Our case was closed by COSL, even though I h
  • doyla66
    doyla66 says #
    I too am a now homeless (prior to LaTrobe a millionaire) victim of LaTrobe financial. I read these pages with determination to fin
  • doyla66
    doyla66 says #
    Does anyone know of people that have taken LaTrobe to court and won. Is there a group of victims working together against LaTrobe?
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