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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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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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Greg Medcraft has his say..........................does not explain why he took no bank to court re fraudulent Loan Application Forms?  Smoke and mirrors regulation methinks.   Why not back consumer calls for Royal Commission into all lenders Greg?  This email address is being protected from spambots. You need JavaScript enabled to view it. http://www.investordaily.com.au/35789-i-m-not-afraid-of-the-banks-medcraft I'm not afraid of the banks: Medcraft Monday, 30 June 2014 | Tim Stewart   ASIC chairman Greg Medcraft has declared he is "not afraid to take on any big institution" in the wake of a damning Senate committee report into the regulator's handling of the Commonwealth Financial Planning scandal.  Speaking at the ASIC offices in Sydney following the release of the final Senate Economics References Committee report into the performance of ASIC, Mr Medcraft pointed to his past record. "We’ve taken on the CBA and sued them for hundreds of millions. We’ve taken on Macquarie Bank and sued them for hundreds of millions. Bank of Queensland is something that I continue to pursue," he said.  Mr Medcraft...
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For the first time in two decades I did not contribute a submission into an INQUIRY.   I refrained from doing so because of the Hockey Roots and Branch Inquiry conflict of interest whereby the ex head of Commonwealth Bank Australia is head of the Inquiry.  What farce this is and YES exactly what happened in America prior to the GFC, is happening here right now in Australia.  The only difference: The people were blissfully unaware that Banks had a political; GREEN LIGHT to carry on as usual....no questions asked.  MURRAY has to resign immediately...anyone watching Four Corners Monday night would have seen why this must happen on so many levels. The Banking Scandal is not about 7 financial planners running amok.  The real issue is the systemic targeting of pensioners with equity in their homes by major banks - a grab for their only asset - their homes.  First Home buyers and low income families are...
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