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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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ASIC runs a Literacy Program set up in 2007.  What a waste of money that has been and yes the usual ASIC gene-pool involved. Then VEDA ex Baycorp put out a report by ringing a number of people with credit cards to cross correlate whether they had been truthful in applying for a credit cards and they came up with the figure 2.7 million people did not understand credit and may have misled details for credit - well its a stretch at best.  All was to back up ASIC's mumbo jumbo to blame consumers to "fit" in with the marketing that "people are financially illiterate".  No you morons, ordinary Australians are being targeted by Banks to have multi credit cards thrust upon them.  VEDA said in defence of banks: well they cannot check details if they are not on credit system can see where this one was going but ASIC...
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  • Denise
    Denise says #
    Changes to Penalties? Its more of Medcraft's Muddle and mindblowing smoke screens: He wants parking ticket type fines increased.
  • doyla66
    doyla66 says #
    Well word spreads fast! Interview tonight on Lateline with Professor Getsmart and I nearly fell off the chair when Tiki said the
  • doyla66
    doyla66 says #
    Thanks, Organza. I think that's the best interview I've seen Greg Medcraft give. ASIC is having staff cuts due to reduced govt f
  • doyla66
    doyla66 says #
    People like Jon Denovan who have the benefit of both EDR/COSL experience and Law like to soften down the nasties of life - like Fr
  • doyla66
    doyla66 says #
    I find reading this post rather disturbing in the fact that it would not matter what documents were or were not provided the Lende
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