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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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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.

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http://www.smh.com.au/articles/2002/08/12/1029113891090.html Banks to be named and shamed August 12 2002 Banks will be publicly named and shamed if they fail to comply with a range of new rules under the new Code of Banking Practice, launched today.    The code requires banks act fairly towards their customers and give them plenty of notice before new fees are introduced or current ones changed.    They are also required to help customers with loan repayment problems and provide details on credit card transaction disputes.   The code has also been extended to protect small businesses for the first time.   Banks will be monitored by the independent Code of Compliance Monitoring Committee which can receive complaints about possible breaches of the code.   If the committee finds a bank has breached the code it can name the institution publicly, with the aim of attracting the attention of the industry's regulator to take action.   But consumer advocates argue that...
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