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BFCSA
MORTGAGE
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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.

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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 fraud by bankers
BFCSA Members have managed to make their presence felt.  As one member stated: "Can't believe Reserve Bank Australia have given the interest rate cut today and within the hour, the four Major Banks have passed on the FULL rate cut!   Normally it takes the banks a week or more to pass on 50%.   Bankers must be feeling the pressure!!!!!! Let's keep it up Members!!!!!" Yes indeed.  Banks fear a Royal Commission, lest all their grubby whopper Low Doc Mortgage Fraud secrets come oozing out from their vaults.  Now all we need is a few executives thrown across the boot of their cars and unceremoniously hand-cuffed.....all on the nightly news. The Banking Sector teach all brokers to use the bank engineered SERVICE CALCULATOR and entry is via the bank's own password.  Brokers then must type the correct income figures into the top left hand corner of the screen.  The Bankster calculator then delivers the "fudged figure" at the bottom...
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  • doyla66
    doyla66 says #
    From Greg Canavan in Melbourne: "--We'll make one more point about the interest rate issue before we move on. The banks immediatel
  • doyla66
    doyla66 says #
    Great advice, Denise. Good questions - Where are their super profits coming from? Comparison of successive annual statements shou
  • doyla66
    doyla66 says #
    Good advice. If every borrower does this, skippy will be obsolete in no time. Lending will be down further. Banks are passing on f
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0 0 0 Hold Corrupt Bankers Accountable for Fraud   BY OLIMPIA LEE   Target: European Parliament   Goal :  Hold corrupt bankers accountable for their fraudulent actions   Big banks have been caught rigging global interest rates and ripping millions of people off, but they still have not been held responsible. Now, the EU finance regulator is standing up to big banks and taking action to bring much-needed reform. Urge the EU to stand up to the powerful bank lobby and hold corrupt bankers accountable.   It is public knowledge that big banks such as Barclays have tweaked global interest rates to receive more money from people paying their mortgages, student loans and other debts. This behavior should be punishable by jail, but Barclays only got fined a small fraction of its profits due to the powerful bank lobby. Considering the waves of banking crises that continue to affect our economies and livelihoods, a...
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  • doyla66
    doyla66 says #
    Since when do lobbyists get a hearing to pervert the course of justice? Who are the government limp lettuce leaves who give in to
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