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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 David Murray CBA CBA's departed CEO Ralph Norris and new CEO Ian Narev receive A$15.3 mln combined as pay freeze kicks in for 400 executives Posted in NewsAugust 21, 2012 Ralph Norris, who was succeeded as CEO of ASB's parent Commonwealth Bank of Australia (CBA) by fellow Kiwi Ian Narev last December, stands to receive A$9.6 million for his last five months leading the bank. Narev, who stepped up from a role as CBA's group executive for business and private banking to take the helm from Norris, received remuneration of A$5.67 million for the June year, meaning the two men combined, could be paid A$15.27 million CBA's annual report doesn't detail the pay of ASB CEO Barbara Chapman. CBA is Australasia's biggest bank with a market capitalisation about twice as big as the entire New Zealand stock exchange. Last week it posted record annual profit of A$7.1 billion. News of Norris and Narev's...
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Continue reading CBA boss Ian Narev faces heat over risky investments PUBLISHED: 27 Jun 2014  James Eyers Former Commonwealth Bank of Australia chief executive David Murray admitted last month to leaving a “rattlesnake in the cupboard” for his successor, Ralph Norris: scandals in the bank’s financial planning divisions.  But it has been Ian Narev, who took over from Norris in December 2011, who has faced opprobrium from Parliament, the corporate regulator and the bank’s board. They have asked why Australia’s biggest bank was so slow to react when hundreds of risk-averse clients lost millions after financial planners chasing bonuses invested in risky products, and whether the bank’s culture and systems are sufficient to prevent the debacle from happening again. Narev and his head of wealth, Annabel Spring, have framed their answers through three prisms: establishing remediation processes to compensate aggrieved clients; rolling out new technology systems to monitor advisers; and changing the...
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