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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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Our hearts go out to NabbedNanny who has fought so bravely against the banks.  She is one of the earlier ones whose case was thrown out by FOS without a proper determination or investigation.   She joined our group after her case was closed.  She had none of the evidence we have since gathered.   We are apposing such treatment of consumer complainants and the very reason Australian Security and Investment Commission chiefs will be once again hauled into Parliament to explain TO THE SENATE why they have failed so dismally as a corporate regulator during the past tumultuous 14 years.  Chairman Medcraft will be brought to book. Nan's phone lines are cut off now.  She has had to explain to their 5 year child why his memories of fun times with Nan will be tarnished forever.  Like the children of the depression, he will never ever trust a banker again...
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  • doyla66
    doyla66 says #
    If the government bought RMBS to bail out the banks then they must have been aware of the entire situation. That puts them in the
  • doyla66
    doyla66 says #
    AustGovt installed a "master architect" of RMBS house-of-cards in ASIC chair Greg Medcraft who cost US taxpayers $11billion alone.
  • doyla66
    doyla66 says #
    From one Nanna to the other, my heart goes out to you. How do you explain this to a five year old? I do hope that this will prompt
  • Denise
    Denise says #
    Yes indeed Lisa, we should all be lobbying Prime Minister Kevin Rudd to freeze licences on all bank who have engaged deliberately
  • doyla66
    doyla66 says #
    The government should suspend any Bank's credit license until they comply with Law and Australian society's standards of decency a
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ASIC faces inquiry over CBA rogue planners DateJune 19, 2013 - 3:56PM Read later smh:  Adele Ferguson and Chris Vedelago 'ASIC is a problem as an agency,' the Senate has heard. Photo: Peter Braig Whistleblower: ASIC has let down CBA's victims ASIC deputy chief: We took the right action Fairfax Special: Exposed - Planners go rogue The corporate watchdog will face a Senate inquiry into its performance that is likely to embroil the Commonwealth Bank and raise questions about the effectiveness of new financial reforms. This kangaroo court of ASIC needs to confront a parliamentary inquiry.  A notice of motion was put in the Senate this afternoon by Nationals senator John Williams and supported by ALP senator Doug Cameron and Greens Senate leader Christine Milne, showing unanimous support from all sides of politics. CBA timeline. Senator Cameron said the inquiry into the Australian Securities and Investment Commission will be wide ranging, and...
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  • doyla66
    doyla66 says #
    Why would ASIC demand FOS and COSL insist lenders put loans on freeze? The bastards are still denying anything is wrong. Remember
  • doyla66
    doyla66 says #
    I wonder how IOSCO, IMF, Fitch, S&P etc are viewing this development with our corporate regulator? As I understand it ASIC is the
  • doyla66
    doyla66 says #
    I agree Duped and Medcraft and Kell should be stood down immediately at least until the outcome of the investigation is known. Th
  • doyla66
    doyla66 says #
    Now would be the perfect time for ASIC to demand FOS and COSL insist lenders freeze future payments for borrowers who have registe
  • doyla66
    doyla66 says #
    Asic can never again be trusted - once a liar always a liar. Abandonment of Asic is the only way to start a fresh new beginning wi
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