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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 royal commission into banking sector
  Posted by Houses and Holes in Banks on November 14, 2012 | 25 comments   Congratulations to Cameron Clyne of NAB for last night’s Lowy Lecture, in which he called for a Son of Wallis Inquiry specifically aimed at addressing Australia’s addiction to offshore wholesale funding. In a strangely blunt and at times in-eloquent speech, Clyne nonetheless made perfect sense:   Australian banks have significantly reduced exposure in recent years and we have sat out of the offshore markets for extended periods when spreads were wide and credit demand was low. But our banks still regularly feature in the top 10 of global issuance which is disproportionate given we represent only two per cent of global GDP. We are reluctant to further increase that position but we do need to move towards more stable balance sheet settings required by regulators. Read on .... http://www.macrobusiness.com.au/2012/11/nab-calls-for-bank-inquiry-aimed-at-funding/   COMMENT The commenters don't agree that this is...
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  • doyla66
    doyla66 says #
    We must have a Royal Commission - there is just far too much systemic corruption inside the banking & financial industries. This c
  • doyla66
    doyla66 says #
    ROYAL COMMISSION INTO BANKING - WIDE TERMS OF REFERENCE: One way to use the current state of politics to focus the Federal Governm
  • doyla66
    doyla66 says #
    Yes good point Lisa,--thats "VeryGC" thinking...VeryGoodCrime[capital] & throw those pesky "bikies" into the mix while they're "go
  • doyla66
    doyla66 says #
    I'd forgotten that bikies could be considered part of "white collar" crime ... Thanks for the reminder about "protected witness'
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David Collyer was right. Denise's evidence and assertions are based in many years' research. There is no room for speculation in the black and white of her evidence. It's FRAUD. What is more it is intentional, premeditated and well organised systemic fraud. How can the regulators and the politicians deny the facts and keep their credibility? They can't. Further evidence has been revealed since the initial hearing at the Senate Inquiry. It underlines the even greater need for a Royal Commission. The Australian public want the truth. Investors want the truth. Borrowers want the truth. Our international reputation is also under scrutiny. Surely it is part of the job description of any chief regulator or parliamentary representative to supply informed, well-researched answers not off the cuff comments based on assumptions and their own opinion in order to protect their jobs! They are paid handsomely to supervise and ensure the stability our...
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  • doyla66
    doyla66 says #
    Thankyou Carol, Andy and Peter. Our parliament is handicapped by the past and by their party political histories. Those days are
  • doyla66
    doyla66 says #
    What an Increditable post Lisa, every one of our weak and gutless politicians,heads of APRA, ASIC,COSL, FOS and Federal Police sho
  • doyla66
    doyla66 says #
    Watch this Space: Vote[1]LisaMartin Vote[1]DeniseBrailey - perhaps sit opposing sides "broom the middle"(save the worthy/repentant
  • doyla66
    doyla66 says #
    Politicians and bank executives take note: KNOWING & FAILING TO ACT IS A FAR GREATER CRIME. If you work in a bank and can provide
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Video: http://www.abc.net.au/7.30/content/2012/s3588021.htm Australian Broadcasting Corporation Broadcast: 11/09/2012 Reporter: Nick McKenzie Following our story on the bribery scandal centring on the Reserve Bank of Australia, new evidence raises questions about the RBA's response. Transcript LEIGH SALES, PRESENTER: The scandal over alleged bribery and corruption in companies owned by the Reserve Bank is deepening.Explosive new evidence shows that RBA subsidiaries paid more than $3 million in commissions to a Malaysian arms dealer to secure bank note contracts in Asia. Even after the arms dealer was sacked for corruption, the payments continued with the RBA's approach.The revelations pose serious new questions for Reserve Bank Governor Glenn Stevens about what the bank knew of Australia's worst corporate corruption case.Nick McKenzie has this report, with Richard Baker of The Age.NICK MCKENZIE, REPORTER: The bribery scandal that is engulfing the Reserve Bank of Australias has reverberated across the globe. Last year in Kuala Lumpur, the former assistant...
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  • doyla66
    doyla66 says #
    "incorrect conclusion"(b.s)whistle-blower approached RBA-Deputy2007;Aust-Treasurer ignored & media expose2009. Go figure? Who's ly
  • doyla66
    doyla66 says #
    Well with the names these corrupt go betweens have i would have been inquiring of their status and credibility, which bank they re
  • Denise
    Denise says #
    The 7.30 Report investigation into the RBA and Securency, now deepens the need for a ROYAL COMMISSION INTO THE UTTERLY WICKED AUST
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"A Royal Commission into the Australian Banking Sector is our democratic right. To deny us that right is truly unAustralian."   There are many strong arguments in favour of holding a Royal Commission into Banking with wide terms of reference.  One of the side effect of the Royal Commission is its capacity to bring the issues into every Australian home through the main stream media. This in turn will generate far greater awareness of the serious anomalies and inherent risks within the Australian Financial Sector. It may also answer the questions for so many Australians whose lives have been smashed by the deregulated "free market" Australian Financial Sector, directly and indirectly, including the big ones: Why weren't we told? How could this be allowed to happen in Australia? Consumer protection isn't for just for the elderly - it benefits all Australians. We've been badly misled by those entrusted to protect us,...
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  • doyla66
    doyla66 says #
    Yes, infestation of "Mainstream" banking Full-Doc products must be a game changer & raise the necessary eyebrows , if not, the cur
  • Denise
    Denise says #
    Thanks for your kind thoughts Hugh. I met with Geoff in Canberra and also other members and they support our efforts and our peti
  • doyla66
    doyla66 says #
    Hi Denise & BFCSA Members, Why not join forces with Unhappy Banking, link together to call for the Royal Commission? More Support
  • doyla66
    doyla66 says #
    Good idea Hugh. UNHAPPY BANKING also has good evidence about the BANKS FRAUDULENT activities.
  • doyla66
    doyla66 says #
    Hi Denise & BFCSA Members, Why not join forces with Unhappy Banking, link together to call for the Royal Commission? More Support
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Please forgive me if this has already been posted before ... Lisa     AAP  August 22, 2012 12:11AM   THE Australian Greens will move for a royal commission into whether the Reserve Bank of Australia (RBA) covered up evidence of bribery by its note-printing subsidiaries. The scandal was exposed in the media in mid-2009.A committal hearing in Melbourne last week heard eight former executives of the wholly RBA-owned NPA and the part-owned Securency were involved in a conspiracy to bribe public officials at foreign banks in trying to secure contracts to make plastic banknotes. But ABC Television reported on Tuesday then NPA company secretary Brian Hood detailed corruption concerns in the mid-2007 memo to then RBA deputy governor Ric Battellino. Greens banking spokesman Adam Bandt said he would move for the establishment of a full independent inquiry into the banknote bribery scandal. "The inquiry should have the powers of a royal...
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  • doyla66
    doyla66 says #
    The Greens want a royal commission into the RBA. Can't we add the Bank fraud loans in as well, or does the RBA atter and Loan fra
  • doyla66
    doyla66 says #
    Well, that's politics.
  • doyla66
    doyla66 says #
    So Mr Bandt wants to focus the RC on this? Ummm - I thought there was much bigger picture of banking fraud being perpetrated than
  • doyla66
    doyla66 says #
    Royal-Commission = RBA lost paltry few $m -v- Bank Fraud_loans $50b>$100b = ummm Royal Commission? Why? Come again????
  • doyla66
    doyla66 says #
    Check this one out along with a post I did (about two or three posts ago), where the CFO pleaded guilty and then spilt the beans s
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For advice I will be referring others to this website to join, (BFCSA).   Also we are using our resourceful teenagers and placing like a type of ad on U- tube, tumblr etc encouraging people to join this website (BFCSA) and I am going to start bombarding twitter etc with ad's to join this website too.. This is only the start - have a few more plans in place. Hopefully this will also help bring round a Royal Commission that is desperatley needed.. Also another idea floating around is to put sign post in your front yard advertising BFCSA website. I live on a busy street so I am going to trial it (with a few other friends) to see how it will go. The biggest feedback I get from people when banks start moving in and bullying is that they don't know where to go.. So hopefully my efforts will...
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  • doyla66
    doyla66 says #
    What an awesome idea Truth Exposed. I already have contacts with those organisations in the capacity of my current employment. Nev
  • doyla66
    doyla66 says #
    Good food for thought. Maybe we should get the word out about Denise to the Salvation Army, Smith Family etc as they are supportin
  • doyla66
    doyla66 says #
    Great ideas!!!!! Good luck and hopefully some more people who are aware of BFCSA who may be able to help them fight the banks. The
  • doyla66
    doyla66 says #
    Hi JJ - I'm thinking banks or Aussie businesses behaving badly or similar ... are you just doing banks? or bullying by other busin
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Firstly, let me introduce myself. My name is Lindie Mehan & my submission to this inquiry was published at # 69. It may only be a light-weight 4 pages long however, there is a 6 year (almost 7) history behind that backing up my submission. That timeframe has seen me visit some very deep dark places & now there is only ice cold anger at the processes I have been subjected to - very un-Australian processes from quite a few different directions.   Today I watched the Senate Inquiry via live streaming on my computer. Denise Brailey has her finger on the pulse which is far more than the other entities presented had. She disclosed how the banks & ASIC would try to blame the brokers well ahead of this inquiry. Please check her blogs on the website: www.bfcsa.com.au/index.php/easyblog Denise has been spelling out quite clearly what is not working, what is fraudulent, what is...
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  • doyla66
    doyla66 says #
    Hey Lindie Your courage in speaking out has inspired me to thank Senators Bushby, Eggleton, Cameron & Williams for their intereste
  • doyla66
    doyla66 says #
    Lindie, I was going to say "Chin up", however you don't need to be told that. You are one gutsy Lady who has been let down by all
  • doyla66
    doyla66 says #
    Hi Lindie. I'm sorry for what you have experienced. I thought you might find this article interesting. http://pickeringpost.com/ar
  • doyla66
    doyla66 says #
    I've been following that & watching it develop. I have Google Alerts set up so anything published anywhere about SLAG or Bankwest,
  • doyla66
    doyla66 says #
    Thank you Lindie for writing. Our journey is only just beginning. We wish for the day when thousands upon thousands of our fellow
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Posted by on in Fraudulent Loan Apps
5 people so far have sent the Press Release to the Media. Add your efforts where they can count.  The next 24 hours is crucial!    So copy and paste the Press Release below into an email and send to 3 media outlets in your area.  We can create an avalanche of awareness.  Don't worry about possible duplication, it is the numbers that count!  Add yours to the comments list below the Press Release!!  Come on Friends and Members of BFCSA!    It's up to us to support Denise with a combined effort!  ...
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  • doyla66
    doyla66 says #
    AS well as sending off emails to all on Truth Exposed's media list I have ALSO posted on Kochies' website, Alan Jones website, Fra
  • doyla66
    doyla66 says #
    COURIER MAIL (NEWS) PRESS RELEASE SENT
  • doyla66
    doyla66 says #
    Confirming I have now sent to aca.
  • doyla66
    doyla66 says #
    Now sent to Fairfax community newspapers and also cumberland community newspapers. Will now contact aca. Let's keep going. ox This
  • doyla66
    doyla66 says #
    I did reply here but it didn't post. So i hope this won't be a repeat. I have sent to the NSW herald, NSW ABC TV/RADIO , telegraph
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