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BFCSA
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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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Subscribe to this list via RSS Blog posts tagged in Federal Consumer Protection Bureau
CFPB wants to share your banking horror stories with the public Kent Hoover     CFPB Director Richard Cordray says "consumers can stand up for themselves and others who… more Share via Facebook Share via Twitter Share via LinkedIn Share via Email The Consumer Financial Protection Bureau wants to give unhappy banking customers a chance to share their stories with the public. Since it opened in 2011, the bureau has received more than 400,000 complaints from consumers about financial products and services, ranging from credit cards and mortgages to debt collection and payday loans. The bureau forwards the complaint to the company involved, gets a response, and lets the consumer know where things stand with his or her complaint. Basic information about these complaints is available to the public through the CFPB’s Consumer Complaint Database. But the agency now wants to go a step further, and allow consumers to include a narrative description about...
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  • organza
    organza says #
    Imagine if we had a glass steagall brick wall to bang our heads against?
  • Aries
    Aries says #
    The dream will become reality, everyone needs to sign the petition or the dream will be just a dream. Get your immediate family, f
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Quite simply, the reason ASIC has under performed, causing wide spread misery for consumers of financial products and services, is due to the FACT that the Australian Consumers and Investment Commission inherited a massive conflict of interest in attempting to serve two masters.  After the Stan Wallis Inquiry, Phil Hanratty's critique pointed out the possibilities of this conflict.  Government at the time decided that would be true if only one departments but ASIC had several departments.....a little backward thinking of course.........but there we are!   The solicitor mortgage scandal cost citizens of this great nation over $1.5 billion recorded in 2000.  Spruikers ensured another $2 billion disappeared from retiree savings, aided by the Banks. Next came the spectacular collapses of the managed investment scams - again by operators licensed by ASIC and sold by those licensed by ASIC.  ASIC simply handed out a few fines.  By 2006, I asked the Chairman:...
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  • doyla66
    doyla66 says #
    And that's our nighties in shining armour..... DB
  • doyla66
    doyla66 says #
    Yes indeed and could not have summed it up better myself - When people are referring to an "emperor with no clothes" scenario, th
  • doyla66
    doyla66 says #
    Asic knows what's going on. Fos Cosl Apra and previous and current PM's know what's going on. Federal Police, the Fraud Squad, Tre
  • doyla66
    doyla66 says #
    None of them have ever grown up have they? All they do when caught out is lie like naughty children caught stealing from the loll
  • doyla66
    doyla66 says #
    ASIC's answer to everything when caught out......we did not know, thanks for telling us, we will look into it. YOU DID KNOW, YOU
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