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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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Financial Advice laws reversal to go ahead Business Banking and Finance Date September 27, 2014   Gareth Hutchens and James Massola http://www.smh.com.au/business/banking-and-finance/financial-advice-laws-reversal-to-go-ahead-20140926-10monm.html#ixzz3Eb1nDszu The federal government looks set to secure its plans to wind back Labor's changes to the rules governing financial advice, despite a senate committee filing a disallowance motion on the bill this week.  Finance Minister Mathias Cormann says he hopes to introduce the bill to the senate next week, while Clive Palmer says his Palmer United Senators will vote for the bill, to honour an agreement struck with the government. Confusion arose on Thursday about the future of the government's controversial financial advice laws after the senate standing committee on regulations and ordinances committee, chaired by Nationals senator John ­Williams, moved a disallowance motion on the bill.  The committee said the FoFA regulations were not the appropriate way to introduce the financial advice regime and it gave notice it...
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MEDIA RELEASE   Cached   This email address is being protected from spambots. You need JavaScript enabled to view it. www.cfmeu.net.au. MEDIA RELEASE. 27 June 2014. Financial planning Royal Commission must look at all banks. MEDIA RELEASE 27 June 2014 Financial planning Royal Commission must look at all banks A Royal Commission into the Commonwealth Bank Financial Planning scandal, recommended late yesterday by a Senate Committee Inquiry, should cover all banks and financial institutions, says the CFMEU. The CFMEU National Secretary, Michael O’Connor, said the Senate Committee Inquiry’s findings about the Commonwealth Bank Financial Planning scandal are almost certainly just the tip of the iceberg. The unethical practices of financial advisers in big banks - practices that flourished before the Future of Financial Advice (FOFA) laws were introduced in 2013 – have ripped billions of dollars in superannuation savings from thousands of Australians. The full extent of the scandal will never be known unless a Royal Commission looks at all the banks. “We need to...
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