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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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Coalition embraces big bank gouge that even Howard rejected Thursday, 6 February 2014 by Bernard Keane   http://www.crikey.com.au/2014/02/06/coalition-embraces-big-bank-gouge-that-even-howard-rejected/?wpmp_switcher=mobile   The government’s winding back of the Future of Financial Advice reforms will legalise conduct by financial planners that has long been banned and hand a major win to the big banks and AMP — one that even the Howard government rejected, Crikey can reveal. Draft regulations to reverse the Future of Financial Advice reforms established by Labor were released by Assistant Treasurer Arthur Sinodinos last week as the Coalition rushes to remove reforms that took years of consultations, parliamentary inquiries and reviews to develop, trying to do as much as possible via regulation in order to avoid parliamentary scrutiny. Among the government’s changes, however, will be one that doesn’t merely reverse the FOFA reforms but would legalise conduct that has been prohibited for many years, was the subject of major action by the Australian...
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  • Aries
    Aries says #
    We will remember this traitor to the honest people of this land at the next election.
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Another Palmer United backflip and leaving consumers at the mercy of the bank with watered down regulations.  Palmer has left Consumers at even greater risk from predatory lending behaviour by LENDERS.  Ah well..................  This email address is being protected from spambots. You need JavaScript enabled to view it. http://www.smh.com.au/federal-politics/political-news/carbon-to-go-but-fofa-laws-stay-palmer-20140714-3bx9n.html FoFA laws to stay: Palmer National Political News Date July 15, 2014  Mark Kenny   Financial planners will be required to reveal their earnings from customers when Labor and the cross benches combine this week to vote down Tony Abbott's weakened financial planning laws, but the government will finally get its way on the carbon tax.  Mr Abbott has now secured the parliamentary majority needed to scrap the carbon tax with a repeal vote, backdated to July 1, due to be taken in the Senate on Tuesday................ But Mr Palmer has pulled the rug from the government on another incendiary issue - the Future of Financial Advice laws.  The PUP leader said his party was not negotiating with the government...
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