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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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Subscribe to this list via RSS Blog posts tagged in IOSCO COVER UP ON BANKS
What a thoroughly dishonest man is Meddlesome Medcraft, Chairman of ASIC and IOSCO.  This is just plain balderdash!  Mortgage Originators are under orders from Four Major Banks and the regulator is captured by the same TOO BIG TO FAIL FOURSOME.  Ask any victim of mortgage fraud.  The fraud and forgery is carried out INSIDE THE BANKS via the processing channel using a wicked serviceability calculator that is used for fudging figures and with a note: NO COPY TO BE GIVEN TO CUSTOMER............Go Figure! Securitisation to fund real economy, says Medcraft Wednesday, 12 November 2014   IOSCO chairman Greg Medcraft has called on Australian banks and RMBS issuers to recognise the “integral role” that securitisation can play in financing the real economy. Speaking at the Australian Securitisation 2014 annual conference in Sydney yesterday, Mr Medcraft said securitisation has funded the economy in the past, very successfully in Australia, and has the potential...
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  • Susan
    Susan says #
    MORE securitisation? How can Securitisation fund the 'real economy' when the money that is supposedly generated through the secu
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The Australian Securities and Investment Commission ("ASIC")  is under fire in a major way.  The gates are open for everyone to send in a submission and a second one if you so choose.  ASIC had three tasks: the regulation of financial products and service - banks were the engineers , consumer protection a priority and, consumer confidence in the market place - the world of Banking. End users of ASIC's services, for over a decade, have slam dunked ASIC's ability to master the art of consumer protection and consumer confidence.  The submissions show the regulator has failed on all levels.  The bleating of apologist Greg Medcraft as Chairman of this debacle are pointless at this late stage.  He had a chance to get tough and acted as a limp lettuce, pursuing instead, his own career ambitions as head of IOSCO.   His lordship spends his days on junkets around the world doing very little if anything, for consumers in Australia.   IOSCO has not held...
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  • doyla66
    doyla66 says #
    So ASIC would rather see borrowers adrift in the sea of confusion and pain, all on their own and up against it, completely without
  • doyla66
    doyla66 says #
    worth a read ASIC‟s performance We are generally very impressed with ASIC's performance as a regulator of the areas of consumer l
  • doyla66
    doyla66 says #
    No one is too big to jail, Wall Street cop says Although Hollywood has a movie starring Leonardo DiCaprio as the "wolf," the real
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ASIC chief's overseas trips draw criticism Adele Ferguson, Ben Butler and Ruth Williams November 23, 2013   The AGE Globetrotting... Greg Medcraft's travel this year. Scrutinising ASIC: Watchdog or toothless tiger? Paris, New York, London and St Petersburg are among cities visited by Australia's top corporate regulator, Greg Medcraft, during extensive taxpayer-funded travel that has caused him to miss crucial parliamentary hearings into the Australian Securities and Investments Commission. A Fairfax Media investigation reveals Mr Medcraft has spent at least 51 days overseas in the first 10 months of this year, not including the time spent travelling to and from Australia. He flies business class, funded from ASIC's budget. Mr Medcraft, who has already drawn fire from Finance Minister Mathias Cormann and Defence Minister David Johnston, was in the Russian city of St Petersburg during a Senate hearing on June 5 that sparked an inquiry into the performance of ASIC. ASIC is...
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  • doyla66
    doyla66 says #
    Greggy has to go overseas to get his glory because he is a laughing stock in his home country Australia.ASIC is still dysfunctiona
  • doyla66
    doyla66 says #
    It just so happened that i mentioned to a media manager this week, that Greggie's US Securitisation Program cost US citizens $11.9
  • doyla66
    doyla66 says #
    Wow! Not a bad job.!!!! Guess it doesn't matter really, he has a lot of UNSKILLED workers within ASIC who can hold the fort. prob
  • doyla66
    doyla66 says #
    When the going gets tough, Greggy goes globetrotting! Tell him not to bother coming back. I'm sure we can manage without him. ASI
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For too long, World Leaders have been pussy footing around Banksters.  Fraud is a crime in anyone's language!  Altering people's financial documents, after they have signed and without their knowledge or consent IS A FELONY.  The result of this global activity has left millions of families homeless.  Bankers deliberately targeted the poor and defenseless, pensioners, low income families, with one objective.....for the banks to steal homes.   Teaching millions of bank staff around the globe, to assist with the crime, explaining that banks are immune from prosecution, that its OK to tweak bank documents to "make the deal fit" is legal according to bank lawyers: THAT IS GRAND LARCENY Not one of the 180 plus members of IOSCO (the global corporate chiefs) found the evidence to piece this together.  NOT ONE!!!!  Our own Greg Medcraft is Chairman of this tin-pot outfit!  Check them out:  www.iosco.org    International Org of "Ww have...
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  • doyla66
    doyla66 says #
    Remember folks the G20 and the worlds media converge on Brisbane next year, a few large well placed placards and some ordinary Au
  • doyla66
    doyla66 says #
    I wish the rest of the world were taking this scamming and ripping off of consumers as seriously as we are! This is Grand Larceny
  • doyla66
    doyla66 says #
    I dare say that if us ordinary mums and dads tweaked our loan applications and filled the application with lies, inflating our inc
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