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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 US Liar Loans in Australia
US Senator Elizabeth Warren, the Massachusetts Democrat-Harvard law professor-proposed six years ago the creation of a US federal agency to protect consumers of financial products in this 2007 article asserting-- "If it’s good enough for microwaves, it’s good enough for mortgages. Why we need a Financial Product Safety Commission.. it could eliminate some of the most egregious tricks and traps in the credit industry.. and for every family who avoids a trap or doesn’t get caught by a trick, that’s regulation that works."  Yesterday, Richard Cordray was confirmed as chief of US Consumer Financial Protection Bureau. Ms Warren, told reporters before the vote..“It is a truly historic day.. there’s no doubt that the consumer agency will survive beyond the crib.. the American people will have a strong watchdog in Washington." So, do we really come from a land down-under.. or simply upside-down when it comes to ensuring a roof over our heads protected from bank$ters greed & misery......
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  • doyla66
    doyla66 says #
    If there were true competition and freedom to choose in Banking, that Bankster would lose a bunch of clients for such a stupid rem
  • doyla66
    doyla66 says #
    BTW great find, Andy. Why does it take governments so long to get moving on these matters of great importance?
  • doyla66
    doyla66 says #
    US Bank$ters comment--- "At least they had the shot, sometimes people have to be given the opportunity to fail....."
  • doyla66
    doyla66 says #
    Senator: Assistant to President; bankruptcy expert; author 100+ articles; 9 books/2 best-sellers, The Two-Income Trap & All Your W
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