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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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How can there be "no tolerance" promised when these toxic loan practices have escalated in past decade.  Ask Dr John Laker : "why is that so John?"  APRA and ASIC "tolerated" major crime in Banking Sector for years. Peter Kell uses the same throw away line: "we will not tolerate."  This email address is being protected from spambots. You need JavaScript enabled to view it. RBA spotlight on predatory lending Tuesday, 10 June 2014   |   James Mitchell 0 Comments     Facebook   0       Twitter   1       Google +   0             Linkedin   1 1inShare Australian lenders have been quick to defend non-conforming loans, as the RBA emphasises the danger of a rise in predatory lending. Last week the Reserve Bank warned lenders against dropping lending standards, stressing there will be no tolerance for predatory lending. RBA’s head of financial stability, Luci Ellis, emphasised the importance of regulation as a line of defence against an extreme easing...
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