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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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APRA warns banks on lending 50 min ago  SMH By a staff reporter Banks have been warned not to let the combination of record low interest rates and increased competition in the property sector lead it to relax its lending standards. In a paper released by the banking regulator, the Australian Prudential Regulation Authority urged banks to take extra caution when offering home loans to ensure customers will be able to meet repayments when interest rates increase. "Slow credit growth increases the pressure on authorised deposit-taking institutions to compete for business on price and – of concern to APRA – by relaxing lending standards," the paper read. "A sustained low interest-rate environment poses further risks to lending standards. "It is important for authorised deposit-taking institutions to ensure that new borrowers are able to service debt and afford higher repayments when interest rates rise from current record low levels." APRA also pointed...
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  • doyla66
    doyla66 says #
    Same with other banks too, NAB, the lot, Dr Laker. All Australian banks. Banking code applies here in theory. Thousands of example
  • doyla66
    doyla66 says #
    "Relaxed Lending Standards" APRA you are really funny, these sort of comments dont worry the Banks they just treat them with indif
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