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BFCSA
MORTGAGE
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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 LAFs Missing & Shredded
  Our favourite Banksters are getting more and more desperate to avoid the consequences of their dishonest asset lends and LAF fudges, that not only have got their EDR schemes limited to 500k, they are telling the poor folk at Financial Ombudsman’s Service (“FOS”) that are trying clean up the carnage of irresponsible lending.  Surely FOS is not falling for that one?   Lenders are also suggesting that: “we Banksters do not have the LAF the borrower signed; (before the Bankster Chain fudged it), we only have an electronic reproduction that our clerical staff typed up after the loan had been settled.      If BFCSA Members and Readers look at that closely, it only includes what the Bankster lot want to show us, now we have turned up the blow torch.   But if FOS takes the lead from the courts and precedence, then if the borrower says: “that’s definitely not...
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  • doyla66
    doyla66 says #
    CBA definitely did a number on me with the help of a mortgage lender, HOMELOANS Pty Ltd. Never use them.. they are disgraceful. B
  • doyla66
    doyla66 says #
    Torch the getaway car, throw the gun in the river, shoot the witnesses, burn the house down, all these classic cases of destroying
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Lisa - Posted on Wednesday, September 18, 2013   Agree, Nanna. How many other times have NAB said we can't find it and then the paperwork turns up after the court case and after repossession, like they're flaunting their power over their former clients. Shred? I'd want to grind their faces into the dirt for that sort of sadistic behaviour. NAB and CBA deserve everything and anything people hurl at them. They are just like the scum of organised crime. We may as well have a Squizzy Taylor running ASIC for all the use the "corporate cops" have been in restraining, disciplining and sorting out these oversized Bank leeches! Customer care? - it's a great big joke to them. Smug bastards. May their CEOs rot in a small grey dripping cold hell for long enough to discover what remorse actually feels like. and this: Medcraft was a choice for the investment corporations....
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  • doyla66
    doyla66 says #
    This is like watching a horror movie but it is not, we are real life victims. Nab and the other banks will not get away with thei
  • doyla66
    doyla66 says #
    Well said, Nanna. That's how I experience it too - like watching the most unbelievable things happening! Thanks to the laxity, m
  • doyla66
    doyla66 says #
    I suggest implementing cryogenic cells "to discover remorse" till a cure is found to re-engage those remorse inhibited responses.
  • doyla66
    doyla66 says #
    We could start by taking away their coffee and computers so they can't get their adrenaline fix which is helping to block their no
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Australian consumers of mortgages, whether FULL DOC or LOW DOC are far better off without any regulator at all, than trust ASIC.    Reliance on ASIC caused consumers to believe there was regulatory industry oversight, enforcement of law, corporate policing.  When the full extent of this scandal is revealed, it will rock the nation and cause thought-provoking economists to gasp.  Had ASIC placed a massive sign on each of the buildings as a serious warning to consumers, no-one would have even thought to TRUST A BANKER.  ASIC is breaching a very old REGULATION called: PASSING OFF.  ASIC is passing itself off as a consumer protector when it clearly is protecting its Bank Buddies.  Slight case of "Malfeasance in public office." In the interest of Consumer Protection the sign ought to read:   "ASIC PROTECT BANKS......NOT CONSUMERS.....please be warned." In order for ASIC to continue its historical DO NOTHING POLICY, now in...
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  • doyla66
    doyla66 says #
    Thankyou, Denise, for spelling it out so clearly. You are absolutely right about the situation. My journey into the regulatory wi
  • doyla66
    doyla66 says #
    When we first got on the no doc, low doc, full doc merry go round in 2007 we bombarded Canberra with letters and phone calls plead
  • doyla66
    doyla66 says #
    "An anonymous source said ASIC's internal complaint system was useless and the human resources team unsupportive, and that time wa
  • doyla66
    doyla66 says #
    I do hope the SMH story has some teeth seeing there is a FEDERAL election soon, so the next few months will be very important to h
  • doyla66
    doyla66 says #
    What chance does the Australian borrower stand with this type of fraudulent behaviour from supposedly trustworthy organisations...
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