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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 Self Regulation Mess
Obviously, ASIC was a waste fo money - but then no regulatory oversight into financial products and services - run by the Banking Cartel - that's caused the Global Financial Crisis.  Sounds like Hewey Dewey and Louey in charge of This email address is being protected from spambots. You need JavaScript enabled to view it. Budget 2014: ASIC's funding cut in move away from financial sector oversight BY LEXI METHERELLUPDATED THU 15 MAY 2014, 9:17 AM AEST The Federal Government is cutting funding to the corporate watchdog, as it pushes for less regulatory oversight of the financial sector. Over the next five years, $120 million will be pulled from the Australian Securities and Investments Commission's (ASIC) funding. A spokeswoman for Finance Minister Matthias Cormann, the minister responsible for ASIC, says the saving is necessary for the Government to repair the budget. But less than a decade after banks sparked the global financial crisis, the Government is signalling it wants to reduce regulation of the sector. Parliamentary Secretary...
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There are some readers who can put into words better than I can, what is really going on here.  You see readers, I am not a victim.  I am just a lowly citizen who suddenly woke up to see a crime being committed on innocent people and said "what is going here with Australian Bankers?" Roy W capably articulates the grass roots watching of lives being destroyed because of greed.  Torch the getaway car, throw the gun in the river, shoot the witnesses, burn the house down, all these classic cases of destroying evidence have made for two hours of great viewing at the cinema. Then there is the real life situation of shred the Loan Application Form, burn the service calculator and flush the Original Customer Contract, this has made for a lifetime of fun for Bank CEO's super driven by GREED. The only ones not enjoying this ride are the customers affected...
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  • doyla66
    doyla66 says #
    Thankyou Roy, well said and good to hear your constructive thoughts and getting to the real truth. This would make an exellent sub
  • Denise
    Denise says #
    Is there any decent banking and finance product that Bankers have not bastardised? I would be fascinated to see one. [email protected]
  • doyla66
    doyla66 says #
    Well written Roy, I do believe blind Freddie can see what system the evil bankster world has made up to pillage the trusting borro
  • doyla66
    doyla66 says #
    Brilliant - bravo Roy and thankyou.
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