GLOBAL SUB-PRIME CRISIS

BANKILEAKS

Click on our Secret Library of Evidence ------>

    BANKILEAKS Secret Library

Loan Application Forms (LAF's)  

    Bank Emails to Brokers  

    Then Click on 'VIEW NOTEBOOK'

Join us on facebook
 

facebook3           facebook2 

BFCSA
MORTGAGE
DISTRESS SOS

What BFCSA Does...

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.

Visitors

Articles View Hits
631850

Whistleblowers' Corner!

To all mortgage brokers, BDMs and loan approval officers! 
Pls Call Denise: 0401 642 344 

"Confidentiality is assured."

Cartoon Corner

Lighten your load today and "Laugh all the way to the bank!"

BFCSA Blog

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.

Click on the Cluster Map.

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Bloggers
    Bloggers Search for your favorite blogger from this site.
  • Login
    Login Login form
Subscribe to this list via RSS Blog posts tagged in Storm victims angry with ASIC
https://www.change.org/p/mr-david-murray-chairman-of-the-financial-system-inquiry-royal-commission-into-australian-banks-the-regulators-asic-apra-and-all-subsidiaries-and-joint-partners  In 2009 60 Mins displayed a Low Doc Application with CBA/Colonial in telling the story of STORM victims. That was the every day the Storm victims realised its the Banks the banks that banks....The wretched banks came to storm's offices and taught the planners how to use the dreaded bank engineered service calculator. Its called criminal activity but the Planners did not realise. BDM's (bank officers from BOQ, CBA and Mackers) taught sellers to sell products that would "help people and make them all happy." The happiness is rally: BIG BAD Banks approving toxic loans and CEO's claiming big bonuses and no clawbacks. We all need the truth to come out. Banks pulled all levers to then on sell distressed properties to ARIP's and/or margin loans for shares. Royal Commission has to be called by Government....
Last modified on
Hits: 894 0 Comments
Rate this blog entry:
Continue reading
ASIC and Bank of Queensland reach Storm Financial settlement September 22, 2014 http://www.professionalplanner.com.au/cut-and-paste/2014/09/22/asic-and-bank-of-queensland-reach-storm-financial-settlement-30980/   ASIC today welcomed its agreement with the Bank of Queensland Limited (BOQ) for BOQ to pay approximately $17 million as compensation for losses suffered on investments made through Storm Financial Limited (receivers and managers appointed) (in liquidation) (Storm). The compensation will be available to BOQ customers who borrowed from the bank to invest through Storm. Following compensation payments made by Commonwealth Bank of Australia (CBA) (of up to $136 million) and Macquarie Bank Limited (Macquarie Bank) (of approximately $75 million), the settlement with BOQ will bring to an end the existing litigation brought by ASIC to obtain compensation for Storm investors. The payment settles ASIC's unregistered managed investment scheme proceedings against BOQ commenced in 2010, and the class action commenced against BOQ in 2012. The settlement with ASIC is conditional upon court approval of the class action...
Last modified on
Hits: 1233 0 Comments
Rate this blog entry:
Continue reading