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.
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.
Quite simply they are cheating. They are targeting older people who own their own home and suggesting in an aggressive media campaign that people will be better off financially if they listen to the Evil Bankers and their agents!!!
Australia has only 23 million people and most banks north of the hemispherical divide have never heard of Australia. So how do they become the most profitable? Making paper money? Or, perhaps plucking money and figures out of thin air in a wicked attempt to grab people's land titles? REUTERS are on to this insane situation which we have been warning of for years. Consumers are at last being listened to. Their stories are important when one is seeking THE TRUTH about Australian Bankers.
Australian Securities and Investment Commission is there to protect the banks, not the people. Parliament dictated that ASIC is responsible for the Financial Markets, Consumer Confidence and...
Quite simply they are cheating. They are targeting older people who own their own home and suggesting in an aggressive media campaign that people will be better off financially if they listen to the Evil Bankers and their agents!!!
Australia has only 23 million people and most banks north of the hemispherical divide have never heard of Australia. So how do they become the most profitable? Making paper money? Or, perhaps plucking money and figures out of thin air in a wicked attempt to grab people's land titles? REUTERS are on to this insane situation which we have been warning of for years. Consumers are at last being listened to. Their stories are important when one is seeking THE TRUTH about Australian Bankers.
Australian Securities and Investment Commission is there to protect the banks, not the people. Parliament dictated that ASIC is responsible for the Financial Markets, Consumer Confidence and...
NAB enters undertaking with ASIC
24 Dec, 9:46 AM 2Financial Services
AAP
The National Australia Bank Ltd has entered into an enforceable undertaking with the Australian Securities and Investment Commission following an inquiry into an October 2012 share price spike on the Australian stock exchange.
The undertaking relates specifically to NAB's responsibility for potential market misconduct undertaken by the trading personnel of a contractor, which led to the spike, ASIC said.
"NAB has agreed to adopt specific monitoring and control systems for its direct market access trading and ASIC will supervise the certification of those systems for the next three years," the watchdog said in a statement.
It said the NAB would also make a voluntary contribution of $2 million to fund independent financial literacy projects in Australia.
ASIC Commissioner Cathie Armour said the undertaking was a timely, effective way to ensure there was genuine change to monitoring and...