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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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Don’t Forgetthe SENATE ESTIMATES HEARING TONIGHT at CANBERRA TIME, NSW, VIC   9.45PM This means, due to daylight savings on NSW and VIC and off all over the rest of the country:  WA Time 6.45PM QLD Time 8.45PM SA Time 8.15PM TAS ? THE LINK to watch the Senate ESTIMATES HEARING is via BFCSA website AT THE ABOVE TIMES: The link to is:   http://bfcsa.com.au/index.php/resources/watch-the-senate  (under Resources)  ...
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  • doyla66
    doyla66 says #
    It's incredibly frustrating to hear Commissioner Kell still trotting out the same stuff. Are we doing anything - sure, we're busti
  • doyla66
    doyla66 says #
    Looks like Penny Wong is more interest in the 'new information' she has received, rather that being a part of what is going on at
  • doyla66
    doyla66 says #
    Have they mentioned BFCSA / Fraudulent LAFS's yet? Watching now ... just not sure what I have missed.
  • doyla66
    doyla66 says #
    BFCSA and Fraudulent LAFs? I didn't hear anything about it. Not in ASIC's dictionary. They're still on song with the govt trying
  • doyla66
    doyla66 says #
    Thanks Lisa - Looks like I can access it via Internet Explorer only.
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SENATE ECONOMICS REFERENCES COMMITTEE Inquiry into the post-GFC banking sector QUESTIONS ON NOTICE Commonwealth Bank of Australia 9 August 2012 Senator Williams asked: a) After the Commonwealth Bank appoints a receiver, what happens to any monies that the owner of the business had set aside to fulfil the business’s GST obligations or which were otherwise necessary to meet the business’ GST obligations? b) After a business has been placed in receivership, has the Commonwealth Bank received any monies that had been set aside to fulfil the business’s GST obligations or which were otherwise necessary to meet the business’ GST obligations? c) If so, were these monies forwarded to the Australian Taxation Office? d) Does the CBA have any internal policies in place regarding businesses placed in receivership and their GST obligations? CBA response: a) On the appointment of a Receiver, control of the company and its assets (including any monies held...
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  • doyla66
    doyla66 says #
    When did the negotiations between CBA and HBOS for the sale of Bankwest begin?
  • doyla66
    doyla66 says #
    So, BankWest sold to CBA on 08/10/2008 & within 3 weeks they foreclosed on our business when they knew I was negotiating to move t
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A federal government frontbencher has attacked the opposition for refusing to back a new code of conduct for MPs. Independent Rob Oakeshott's push for new standards for MPs is expected to be one of the first pieces of business in the lower house today. The motion is expected to pass later in the week with the support of Labor. The code will include a process for considering complaints against MPs and a revamped role for the privileges and members' interests committee. But manager of opposition business Christopher Pyne reportedly said the coalition won't support it until an upper house committee reports on a similar code for the Senate. "The question people should be asking is why the Liberal party is so opposed to this notion that a code of conduct might be introduced," Assistant Treasurer David Bradbury told reporters in Canberra. "They feel as though not only are they allowed to...
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  • doyla66
    doyla66 says #
    Opinion Piece: Tony Windsor: "The Opportunities of a hung Parliament". http://www.tonywindsor.com.au/releases/100914.pdf
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