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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 Systemic Bank Fraud
Australian Banks boast the World's biggest profits from 22 million people.  Newsflash: you cannot profit from a fraud!  Yet it appears to be the case down-under in the land of the long lunches and long weekends. The Senate has acknowledged that the regulatory oversight of banks and finance is so appalling and so corrupted,  as to having the Senate hold their own Inquiry into the Australian Securities and Investment Commission.  Consumer complaints by the thousands, have been utterly ignored over a shameful 14 year history of ASIC "protecting a fraudulent bankster driven market" at the expense of ordinary Mums and Dads.  My own letters relating to consumer protection issues, or lack of, were responded to in the most shameful way, by successive Chairmen, commencing in 1998. Banks are blowing massive Bubbles in the property sector and in late 90's, set up the Broker Channel to cop the blame.  The "fudged income...
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  • doyla66
    doyla66 says #
    Medcalf and his team should have their homes and any other assets they hold conficated and sold as they are the proceeds of crime!
  • doyla66
    doyla66 says #
    Claims can be closed and homes can be lost while the Senators are busy organising the inquiry into the operation of Asic. So it's
  • doyla66
    doyla66 says #
    Due to what we have just read FOS must cease to close cases immediately. NO MORE PEOPLE TO LOSE THEIR HOMES BECAUSE OF THE CORRUP
  • doyla66
    doyla66 says #
    ASIC knew and intended to crucify all chances of financial recovery for all mortgages borrowers? To save the corrupt banksters? La
  • doyla66
    doyla66 says #
    Apparently ASIC chair Medcraft needs 'empirical' data, so let him test drive a porsche with faulty-brakes on the Great Ocean Road,
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Pssst SNEAK PREVIEW:  Want to see the Bankster Passwords for Skippy the Computer? Go to the top of this page, to BREAKING NEWS.  Go to ASIC EMAILS and hit on the LINK.  Type in the search area: "Skippy" The best is yet to come for the long suffering borrowers:..........why did the service calculators have TWO different gearings? Things the Banks forgot to tell the Brokers......................... No risk and all play policy................now that's ingenious.................Ned Kelly would have loved those. Which bank started the "shred the LAF craze?" What does FOS do with its $34 million budget? Or ASIC $400 million budget?    Should try and work with the BFCSA budget chaps - just for LAFs! Puts a whole new spin on "bank bandits" But wait their's more.....................Keep reading.  We are just getting started! This email address is being protected from spambots. You need JavaScript enabled to view it....
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  • doyla66
    doyla66 says #
    I was told by my broker: "after loan are approved we are to shred all the documents"......... Now I know why. All corporations un
  • doyla66
    doyla66 says #
    Well said, Mort. On the same page Lisa A feeling human being despite all
  • doyla66
    doyla66 says #
    Many, many thanks to Denise. Honesty at last. Once the massive evidence is viewed, there will be justice. How can banks, suppo
  • doyla66
    doyla66 says #
    The old saying that "money is the root of all evil" is so true. Greed from Bank Managers and Executives causes so much suffering a
  • doyla66
    doyla66 says #
    I have a sense that what we're looking for is "temperance". What we have observed and experienced in our dealings with the Banks a
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