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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 Medcraft spends $83k on IOSCO Junkets
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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ASIC should lose consumer protection role, says consumer advocate Denise Brailey PM  By business reporter Sue Lannin Posted yesterday at 7:42pmFri 5 Sep 2014, 7:42pm PHOTO: ASIC chairman Greg Medcraft has again come under fire over monitoring of financial planners. (AAP: Julian Smith) RELATED STORY: Murray's interim financial system report finds super costs are 'high' RELATED STORY: Coalition reaches deal with Palmer on FoFA laws RELATED STORY: Former High Court judge Callinan to lead CBA compensation scheme RELATED STORY: Timbercorp victims call for strict adviser rules to stay MAP: Australia Corporate regulator ASIC has again come under fire from politicians and consumer advocates over its regulation of financial planners. Members of a parliamentary joint committee have criticised the Australian Securities & Investments Commission for not permanently banning a Victorian financial planner who sold his clients forestry investments that failed. ASIC deputy chairman Peter Kell was grilled by Senator John Williams over why WA financial planner Stuart Jamieson was banned by...
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  • Conbankcan
    Conbankcan says #
    If I steal - I go to jail - if I commit fraud - I go to jail - if a big corporation like the CON bank (CBA) commits fraud they ge
  • TJ
    TJ says #
    ASIC should not just come under scrutiny for their failure to act appropriately against advisers but also their oversighting role
  • Rob
    Rob says #
    It seems to me that ASIC is not the only one dragging there feet in the sand, with all the information coming out from all these i
  • setup
    setup says #
    Too much leniency from the Senate Inquiry. Medcraft and company should have been sacked long ago. I'm surprised they still have th
  • Aries
    Aries says #
    They get a slap on the wrist and get to keep all their ill gotten commissions while the victims of this despicable fraud are kill
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