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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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Non-major increases broker numbers by 426% in two years       inShare by Julia Corderoy | 07 Nov 2014   Non-major bank, ME Bank has delivered a 28% rise in statutory profit for the 2013/14 financial year, driven by the growth in home loan settlements.ME Bank has reported an underlying net profit after tax of $47.4 million for the financial year, spurred by the boom in home loan settlements – which were up 19% to $3.8 billion for the year. By volume, the bank settled over 15,500 new home loans in FY14, an increase of 24% on the previous financial year.ME Bank CEO, Jamie McPhee, said the Bank had achieved a home loan settlement record in June 2014 with $409 million in settlements, the first time the bank has exceeded $400 million in home loan settlements in a single month.Broker sales for the year were up 143% on last year, accounting for...
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