GLOBAL SUB-PRIME CRISIS

BANKILEAKS

Click on our Secret Library of Evidence ------>

    BANKILEAKS Secret Library

Loan Application Forms (LAF's)  

    Bank Emails to Brokers  

    Then Click on 'VIEW NOTEBOOK'

Join us on facebook
 

facebook3           facebook2 

BFCSA
MORTGAGE
DISTRESS SOS

What BFCSA Does...

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.

Visitors

Articles View Hits
726820

Whistleblowers' Corner!

To all mortgage brokers, BDMs and loan approval officers! 
Pls Call Denise: 0401 642 344 

"Confidentiality is assured."

Cartoon Corner

Lighten your load today and "Laugh all the way to the bank!"

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.

Click on the Cluster Map.

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Bloggers
    Bloggers Search for your favorite blogger from this site.
  • Login
    Login Login form
Subscribe to this list via RSS Blog posts tagged in FOS Failures
One of our members has already picked up this gem from from KIRK - ASIC on the stand for the Senate Hearings into ASIC.   Transformation- Posted on Friday, April 11, 2014   Did anyone pick this up during the Inquiry: KIRK: "One of the things we (ASIC) did towards the end of last year was to make sure that they made it unambiguously clear to the remaining people with contested claims that not only could they go to FOS to have it resolved but CFP would waive any jurisdictional limits in that process. Some of those problems are under limited jurisdiction or they are disputes about whether there had been a previous agreement and there was already a binding deed of release and such. We got them to clarify for all of those customers that they were willing to waive those things." Does this mean that FOS waived the jurisdiction...
Last modified on
Recent Comments - Show all comments
  • doyla66
    doyla66 says #
    Here is another gem re FOS compensation limits waived page 17 Mr Berrill: The targeting was so systematic and so measured—but act
  • doyla66
    doyla66 says #
    Senator John Williams has a Facebook page, please leave him a comment on how you feel about ASIC and their waffle at the hearing,
Hits: 2340 2 Comments
Rate this blog entry:
Continue reading
Yes folks, its another ugly twist and the lengths our Greedy Bankers will go to gain an extra dollars profit.  Shareholders could be in for a huge falls in dividends when truth finally oozes out onto the footpath.   Bankers were not looking after shareholders, but looking after "selfie" monkey business. Parental guarantees on mortgages were approved without the legal requirements being met.....independent letters from lawyers to say they had been fully briefed on risk of losing one's home.  Even if the parents understood the risks – that even signing a document to this effect was still a breach of law, if the parents were to receive no benefit.....etc   Banks have defrauded guarantors in some cases by making them actual co-borrowers on paper… What a shocking state of affairs that is?   FOS had no idea until BFCSA pointed out these issues......wonder what happened to earlier cases that need to be re-opened and independently examined?...
Last modified on
Recent Comments - Show all comments
  • doyla66
    doyla66 says #
    It is absolutely disgusting that nobody in authority has the balls to put up the big stop sign and say enough is enough. I have s
  • doyla66
    doyla66 says #
    Were our Government irresponsible or just plain lazy when they allowed our filthy Bankster Industry to regulate themselves?. That
  • doyla66
    doyla66 says #
    What a joke It needs to be reopened and dealt with...... Keep going nanna FREEZE all TOXIC loans
  • doyla66
    doyla66 says #
    We are one of the earlier cases dismissed by FOS. My son was added as a guarantor and a loan applicant. He did not apply for a l
Hits: 2344 4 Comments
Rate this blog entry:
Continue reading
 I was informed by FOS I'm responsible for signing LAFS, and that I should pursue with taking action against the broker. In other words the banks are not at fault for us signing forms not knowing what was  going to be added after signature obtained. And that I should have got a copy.I asked for copy and was told it goes to the bank. Ignorance doesn't win cases  he said. I told him it was a scam perpetrated by the banks against a lot of financial illiterate people like myself who relied on guidance from Brokers, not expecting to be done over  and ruined by their greed. I told him I speak with other people in the same situation who used other brokers and the same was done to them  in the same way, he said, we are starting to find this out. Basically what he was saying, his hands are...
Last modified on
Recent Comments - Show all comments
  • doyla66
    doyla66 says #
    spelling error......... new should be knew
  • doyla66
    doyla66 says #
    I'd like to know how the broker could fill in the income of a person without having proof of what they earn. I was told no paperwo
  • doyla66
    doyla66 says #
    Any legal document or contract altered after obtaining a person signature should be made null & void no questions asked. If a p
  • doyla66
    doyla66 says #
    I think it was Debbie Bahr who had to keep correcting the errors and assumptions by the FOS case manager. On the basis of what th
  • doyla66
    doyla66 says #
    all low doc products must be recalled as they were a faulty product intended to deceive ordinary mums and dads and retirees.. .. W
Hits: 2453 8 Comments
Rate this blog entry:
Continue reading