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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 Banks
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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Quite simply they are cheating.  They are targeting older people who own their own home and suggesting in an aggressive media campaign that people will be better off financially if they listen to the Evil Bankers and their agents!!! Australia has only 23 million people and most banks north of the hemispherical divide have never heard of Australia.  So how do they become the most profitable?  Making paper money? Or, perhaps plucking money and figures out of thin air in a wicked attempt to grab people's land titles?  REUTERS are on to this insane situation which we have been warning of for years.  Consumers are at last being listened to.  Their stories are important when one is seeking THE TRUTH about Australian Bankers.   Australian Securities and Investment Commission is there to protect the banks, not the people. Parliament dictated that ASIC is responsible for the Financial Markets, Consumer Confidence and...
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Missing pieces in a low-doc lending trail that shattered lives Date June 3, 2013         (2)                      Michael West Business columnist                 It was 9am Monday, on a late February day this year, when Denise Brailey arrived at the offices of the Australian Securities and Investments Commission in Perth for a meeting with Victorian Commissioner Warren Day and lawyer Robert Allen. Allen and Day had flown from Melbourne to find out what information Brailey, a veteran campaigner for victims of financial fraud, had about the banks and their low-doc loans. Brailey claimed to have the last bits of the jigsaw puzzle which would prove that mortgage brokers were acting as agents of the banks in foisting loans on customers who could not afford them. Though interest rates had fallen to historic lows, there were family homes on the line, lives ruined. This $57 billion, low-doc loan sector required urgent investigation, said Brailey, who...
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  • doyla66
    doyla66 says #
    This just proves once again those 'willbees' from ASIC are still expecting Denise to do THEIR work for them. Members went to the t
  • doyla66
    doyla66 says #
    ASIC and co could justify their way out of a concrete box. Skippy, no doubt, is an efficiency measure, designed to improve product
  • doyla66
    doyla66 says #
    If our government won't order a Royal Commission now they have their priorities upside down. More fuss erupted over a dodgy hor
  • doyla66
    doyla66 says #
    Field's states"brokers (are) agents of customer" legally spurious--as not (1) customer ID "Disclosure Certificate"(DC) supplied by
  • doyla66
    doyla66 says #
    Thankyou, Andy. So well explained and now I really get it. And Philip Field - good grief - had he read the Schmidt Anor case? Reg
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The Australian Federal Government must approve a Royal Commission into the Banking And Finance Sector What we already know and have the proof of:--  The issue is a giant fraud involving between  $57 Billion and $100 Billion. A devious business plan was devised and executed by the Banks 36 lenders including the Majors in the mid nineties here in Australia.       Set patterns emerged and we have emails between the lenders staff and brokers which we have decided to load onto the LINKS in "Breaking News" at the top of the Home Page.  See above. ยท         The victims are left with impossible lifetime of debt and they have painstakingly listed the discrepancies/fraud on their Loan Applications.  These were fudged figures devised by a service calculator and not by the Broker/Planners.  BFCSA will reveal more details next week. O     BLOGS on this site from JJ are relating to American laws....
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