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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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If ASIC sounds a little peeved right now at all the criticism from brokers, and financial planners who sell these fraudulent loans, they will each have to cop it sweet.  WHY?  Because ASIC has know of these activities by Lenders lowering lending standards for well over a decade.  ASIC decided to blast into 2015 with an announcement of investigating Myra Financial Services and laying one charge each against two brokers.  The kingpin of the business of course was permitted by ASIC to leave the country AND ASIC once again ignores investigating Too Big to FAIL & JAIL Banks. ASIC spent the following day in a predictable cauldron of evidence based criticism.  The most disturbing questions are the ones ASIC refuses to answer: When did fraudulent tampering of loans begin?  Why did ASIC announce this now, after a 12 month investigation from complaints in 2011 or earlier?  Why so slow? Why did they prematurely annoucnce three days ago: 350 loans involved and...
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Recent Comments - Show all comments
  • Louie2U
    Louie2U says #
    Interesting cop out comment from A-SIC regarding their dereliction of duties and allowing the lying cheat to flee the country. Ho
  • Wayne
    Wayne says #
    ASIC, FOS, BANKS & POLITICIANS, are all playing a game of dodge ball. They are all professional players, with years of experience.
  • Wayne
    Wayne says #
    It is becoming almost crystal clear what seems to be happening at ASIC & you can't help thinking now, it must be the way that it l
  • Duped
    Duped says #
    What a load of bull ASIC sends out! What about the people who have informed ASIC of fraudulent misconduct on their loan applicatio
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