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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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Subscribe to this list via RSS Blog posts tagged in Shonky Auditors
http://www.dailyreckoning.com.au/its-not-like-asic-will-save-you/2013/10/31/ ASIC, the regulator of the Australian financial system (and also the regulator of financial publishers like us), is on the receiving end of some remarkable criticism. It’s remarkable, not because of its content, but because of who it’s coming from. Usually, the customers complain about how big business shafted them. But things are so bad at the corporate regulator that even big business is up in arms.  The Australian Financial Review‘s Patrick Durkin put the story together very well. Here are our favourite bits: ‘Accounting firm BDO pointed to a specific confidential investigation they had carried out and referred to ASIC into the misconduct of an auditor which was never examined.  ‘"Despite the extensive amount of work and costs involved in conducting the investigation, there would appear to have been no action taken by ASIC to investigate the matter," BDO national audit partner Tim Kendall said..........…judge and former head of...
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Recent Comments - Show all comments
  • doyla66
    doyla66 says #
    ANZ CREDIT CARD STATEMENTS are not being issued so they don't have to pay out monies owed to consumers in CLASS ACTION
  • doyla66
    doyla66 says #
    I know Maria - the definition of how to try flogging a dead horse is trying to get through to any more than a programmed response
  • doyla66
    doyla66 says #
    I was being facetious Organza. I was merely pointing out the usual pathetic response from ASIC. Every time they are asked why they
  • doyla66
    doyla66 says #
    On past performance would not be holding my breath Maria! All becoming rather tiresome really for they probably really believe th
  • doyla66
    doyla66 says #
    Yes and ASIC will thank you for bringing it their attention as they were unaware of the problem and will look into it asap.
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