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BFCSA
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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.

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BFCSA Blog

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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http://www.businessspectator.com.au/news/2014/7/28/financial-services/lloyds-pay-us370m-libor-fine Lloyds to pay $US370m Libor fine 28 Jul, 10:47 PM US and UK authorities on Monday imposed roughly $370 million of fines on Lloyds Banking Group PLC for attempting to rig benchmark interest rates. The British bank becomes the seventh financial institution to strike a deal with US and UK authorities who are conducting a long running probe into allegations of widespread attempts to manipulate the London interbank offered rate, or Libor, and other widely used interest-rate benchmarks. The US Justice Department, the Commodity Futures Trading Commission and the UK's Financial Conduct Authority said that employees of Lloyds, which is 25 per cent owned by the British government, tried to manipulate benchmark rates to benefit the bank's financial position. Lloyds said in a statement: "The group condemns the actions of the individuals responsible for the conduct in question, which it regards as totally unacceptable and unrepresentative of the cultural changes...
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