Click on our Secret Library of Evidence ------>

    BANKILEAKS Secret Library

Loan Application Forms (LAF's)  

    Bank Emails to Brokers  

    Then Click on 'VIEW NOTEBOOK'

Join us on facebook

facebook3           facebook2 


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.


Articles View Hits

Whistleblowers' Corner!

To all mortgage brokers, BDMs and loan approval officers! 
Pls Call Denise: 0401 642 344 

"Confidentiality is assured."

Cartoon Corner

Lighten your load today and "Laugh all the way to the bank!"


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.

Click on the Cluster Map.

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Bloggers
    Bloggers Search for your favorite blogger from this site.
  • Login
    Login Login form
Subscribe to this list via RSS Blog posts tagged in Jon Denovan
Meeting new ASIC guidelines tough for brokers, says solicitor Share on facebook Share on twitter Share on linkedin Share on google_plusone_share   by | 23 Apr 2015   Brokers could face challenges to meet ASIC’s responsible lending guidelines in the wake of The Cash Store case, says a leading solicitor.In November 2014, ASIC updated its guidance for credit licensees following a Federal Court decision that saw a lender taken to task over verifying clients’ living expenses. The regulator updated RG 209 to reflect the Federal Court's ruling in ASIC's case against The Cash Store.The ruling found that payday lender The Cash Store and loan funder Assistive Finance Australia had failed to comply with responsible lending obligations. According to ASIC, many of the companies’ clients were on low incomes or in receipt of Centrelink benefits.ASIC said the updates to RG 209 reflect the findings of the Federal Court, as well as to make...
Last modified on
Recent Comments - Show all comments
  • setup
    setup says #
    Brokers are trained and paid by the banks to push and encourage clients to use their specific bank's products. The total blame for
  • TJ
    TJ says #
    Well, Whoopty Doo, poor Jon Denovan, you can tell he feels so much for those poor bankers who are now going to be faced with diffi
  • Aries
    Aries says #
    So it's back to the good old days when banks checked customers earnings and their capacity to repay thoroughly. Customers waited w
  • NABbed Nanna
    NABbed Nanna says #
    Brokers get over it. You have had it to easy for to long. Brokers and their buddy bankers have deceived and manipulated figures
  • Aries
    Aries says #
    Gadens would say that, they're the banks lawyers, making hundreds of thousands, they will lose business if rules are tightened.
Hits: 2334 7 Comments
Rate this blog entry:
Continue reading
The Industry & Regulatory Maggots involved and profiting from Mortgage Low Doc  Loan Fraud & dastardly Reverse Mortgages would try and have you believe the key issue is:  that borrowers and brokers are in fact altering 2.7 million loan application forms. The key issue according to our courts is NOT presenting an application form to the banks.  The key issue is THE APPROVAL. THE TRUTH IS: The Courts have already ruled the BANKERS are the culprits and THEY ARE responsible for APPROVING the dud documents. Even if the borrowers and/ or broker agents exaggerated the income on the LAFs, (which they did not in most cases), 2.7 million fraudulent LAFS were approved by Major Banks (85% of the market share of Low Docs). These Bankers approved these toxic loans aided by a computer approval process and a service calculator, geared to fudge incoem figures to increase VOLUME in lending to benefit the Banks.   AND THAT...
Last modified on
Recent comment in this post - Show all comments
  • doyla66
    doyla66 says #
    One giant conspiracy committed by banks and their devious lawyers. I was always under the impression that lawyers were supposed to
Hits: 2679 1 Comment
Rate this blog entry:
Continue reading