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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.

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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 Fraudulent Marketing by Bankers
Keith Walton must love his job.  His bank is ripping off ordinary Mums and Dads - disabled pensioners - and then hounding them into the grave for any debt left over.  No Justice for those whom ASIC has ignored.  I have seen some of Keith's handiwork and its not a pretty sight. Where is THE FAIR GO we have been promised?  Why not send me your story and we will BLOG it for the world to see what is going on in Australia right now. From a Member: In May we were forced to sell our home of 15yrs or be evicted....we found a buyer who lived near us & bought it for an investment property & we are still able to continue living here & renting for as long as we want....for months while the bank was taking us to court to evict us, we lived in fear, with nowhere...
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  • doyla66
    doyla66 says #
    I am so sorry for the pain this bank has put you both through Disability Pensioners. It was so upsetting to hear what this bank ha
  • doyla66
    doyla66 says #
    Don't forget to go to the top of this page - click Media Info, then Video's..
  • doyla66
    doyla66 says #
    NAB are disgusting, Nanna. I hope the politicians responsible for allowing this to happen cringe with shame when they read or hear
  • doyla66
    doyla66 says #
    Thanks Denise for that info. Hi Sean, I watched and listened to you Last August read out your transcript to the Senators at the Se
  • doyla66
    doyla66 says #
    Yes, thank you Hifumi Rob my husbands health is of great concern. Here's another Nab corker. Whilst my husband was in hospital
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THE ATM FIGHTBACK CAMPAIGN:  Now everyone can fight back - why not a few sticky notes on ATMs:  whenever you visit an ATM, stick this message on the side: MORTGAGE HOLDERS Ask your bank for your copy of faxed LOAN APPLICATION FORM.  See if there is FRAUD?  There will be.  If yes visit www.bfcsa.com.au and we will tell you what to do next. The point is we have less than 25 licensed banks here and a number of non bank HIGH RISK unregulated lenders.  There are millions of us as mortgage holders.  We have the numbers to demand change: change of bad banking practices; change of regulatory laziness.  We can effect change.  If there is a note re bill posting, we warn the first bright regulator try to take action against BFCSA: do you really want to hang BFCSA for posting warnings when you have allowed licensed banks to deliberately target...
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  • doyla66
    doyla66 says #
    how are we going with this campaign a few weeks later? How long did your post it notes stay up?
  • doyla66
    doyla66 says #
    keep on posting those post it notes
  • doyla66
    doyla66 says #
    Good idea!! What about on those for sale noticeboards that are often found in local shops as well. I think there needs to be an a
  • doyla66
    doyla66 says #
    How about getting Vista print to preprint cheap sticky notes? Or making up a stamp pad and stamping every sticker? What about comm
  • doyla66
    doyla66 says #
    Come on members lets do this. I am going to dedicate all day Saturday targeting all the ATMs in my area and beyond with sticky not
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Senators push to grill ASIC over failure to heed warnings DateJune 11, 2013 Read later Adele Ferguson, Chris Vedelago Zoom in on this story. Explore all there is to know. Greens Australian Securities and Investments Commission Senate Christine Milne   inShare Pin It submit to reddit Email article Print Reprints & permissions     Need for inquiry: John Williams. Photo: Supplied The Australian Securities and Investments Commission could face a government inquiry into its regulation of the financial services industry after revelations the corporate watchdog ignored whistleblowers' warnings about misconduct inside the Commonwealth Bank. The call for an inquiry comes after a Fairfax Media investigation found ASIC waited 16 months to formally investigate tip-offs about improprieties inside CBA's financial planning division that put the life savings of thousands of clients at risk. CBA has so far paid out $36.4 million in compensation to 725 victims who received ''inappropriate advice'' from seven financial...
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  • Jetfighter
    Jetfighter says #
    This has been a long time coming. Thanks Denise, lets all do our bit and let these senators know our story and request a Royal Com
  • doyla66
    doyla66 says #
    Following on from the previous inquiries, the Senators' expressions of concern over the letter of complaint they have had over the
  • doyla66
    doyla66 says #
    Big'V'Bank$ters hope ASIC-Chairman Medcraft can assert influence in his role as IOSCO Chairman to avoid losing $billions in relati
  • Denise
    Denise says #
    Credit where its due. The Senators driving this for the good of the people are: Senator John Williams (NATs) Senator Doug Camero
  • doyla66
    doyla66 says #
    Good idea Ali, start posting comments on Senators Facebook and let them know ASIC not helping.
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