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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 Michael West
Rattled banks up the ante Banking and Finance Date December 8, 2014  Michael West http://www.smh.com.au/business/banking-and-finance/rattled-banks-up-the-ante-20141207-121vy8.html When it comes to reports to government, there is a deep schism between recommendations and implementations. Still, the Financial System Inquiry report handed down yesterday is certain to rattle Australia's most powerful institutions, the Big Four banks. Already the backlash will have begun. Bank lobbyists are no doubt whiteboarding up a storm, plotting how to undermine the more-substantial proposals from the Murray report that entail the big banks lifting their levels of capital as a buffer for times of crisis. More will become clear in coming days as analysts model the recommendations on extra capital and risk weightings. Suffice it to say that, on very rough numbers, the big four may be up for $20 billion in rising capital ratios – the recommendation is an increase from 8.3 per cent presently to between 10 per cent...
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http://www.abusinessherald.com/2014/07/fofa-shows-how-to-pervert-democracy/ Dumping of Future of Financial Advice reforms shows how bank lobbyists pervert democracy Business Date July 20, 2014 Michael West "Our four big banks never stopped nagging the Commonwealth government to permit only two. When I became treasurer, on day two, the NAB visited me wanting to buy the ANZ. AMP visited me on day three wanting to buy Westpac." – John Kerin, in Rodney Cavalier's newsletter last November. It is rare to get a decent insight into the back-room dealings between government and big business. This observation from former treasurer John Kerin confirms all suspicions: bank lobbyists are forever roaming about Canberra leaning on politicians and perverting democracy by exacting undue influence over government policy.  The Abbott government has put this influence in stark relief in recent times by winding back the Future of Financial Advice (FOFA) reforms. Dumping FOFA is hardly in anybody's interest, except for the big...
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