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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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This is worth listening to - 4 suicides per week as banks move in and foreclose and on-sell properties to investors........not something widely reported in the media of course............   Monday November 24, 2014 http://www.2gb.com/article/alan-jones-bob-rob-katter     Alan Jones talks to the federal and Queensland MPs about the devastating impact on farmers of drought and bank behaviour   Bring on the ROYAL COMMISSION into the BANKING SECTOR: Why are MP's not talking about the dastardly FINANCIAL PRODUCTS created by the big bad four banks?  Planners and Brokers were the employed "sellers" of bank products. "Faulty deceptive products designed and manufactured by crooked Bankers.   Its the Financial Products stupid!"   Senator Cormann and cronies should hang their heads in shame.  The Senator has been fully briefed on this issue and still peddling nonsense re financial "advice."  The Bankers invented the bad advice as a CARTEL.   Its the mortgage loan products that are...
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Recent Comments - Show all comments
  • Wayne
    Wayne says #
    How much evidence do you have shove under the noses of politicians to prove the point. what 12 to14 years of evidence Haaa what a
  • organza
    organza says #
    I think we all well know what is being covered up. The truth being regulators are now clueless re what to do about the big mess t
  • NABbed Nanna
    NABbed Nanna says #
    The truth will come out. The Banks will fall. Us small consumers and business owners are not stupid. We know when we have been
  • Wayne
    Wayne says #
    It's White Collar Crime, They are all in it together...They all know whats going on. Look at the country, the news every day, Bank
  • Duped
    Duped says #
    I think that the majority of politicians are just plainly stupid and of the old belief that the banks would not do wrong. We have
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Keane: govt hoisted by its own FOFA petard BERNARD KEANE Crikey politics editor |  EMAIL   |  COMMENT         ARTHUR SINODINOS, FINANCIAL PLANNING, FOFA, JACQUI LAMBIE, MATHIAS CORMANN, NICK XENOPHONE, RICKY MUIR, SAM DASTYARI   The failure of the government's long-running attempt to repeal the Future of Financial Advice laws has its genesis as much in decisions made at the end of 2013 as in Senator Jacqui Lambie's departure from the Palmer United Party and Labor's doggedness in pursuit of the outcome it achieved yesterday evening. Right before Christmas last year, then-assistant treasurer Arthur Sinodinos snuck out the government's planned gutting of FOFA, intended to deliver on the Coalition's commitments to the big banks and AMP, which control retail superannuation, and the diminishing but still powerful segment of the financial planning industry that relies on conflicted remuneration. Key to Sinodinos' strategy was doing as much of the gutting as possible by...
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MoneySuper & Funds  SMSF alert on property John Collett  Date December 5 2012  SMH Trustees investing in real estate must keep an eye on the details or could find themselves in serious trouble. Read more: http://www.smh.com.au/money/super-and-funds/smsf-alert-on-property-20121204-2as1l.html#ixzz2ssVgsJ7y The Australian Taxation Office (ATO) is warning trustees of the rapidly growing self-managed superannuation funds (SMSF) sector to be cautious when investing in property.  The acting commissioner of the ATO, Bruce Quigley, says some trustees are using their superannuation funds to invest in property without fully understanding their legal obligations, or are deliberately trying to skirt the law.  Breaches of the law can result in a fund's trustees being disqualified, civil penalties or even criminal charges. Fines of up to $220,000 can be applied to trustees entering into arrangements that are not properly structured. Over the past five years, the rules have been progressively relaxed. Trustees can now borrow to invest in property through their...
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  • doyla66
    doyla66 says #
    Huh? I'm becoming so very confused I'm not even sure if to read across or down is now the status quo. Can somebody tell me pleas
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