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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 Westpac Fraud
http://www.theage.com.au/articles/2004/06/15/1087244895759.html?from=storylhs  The mortgage wars  June 15, 2004   The home-loan market is shrinking, the banks want their profits back, and the mortgage brokers will be fighting for survival, writes James Kirby. Stand back for a bruising battle in the $100-billion mortgage broker market. Falling house prices, shrinking loan volumes, and tougher regulation spell trouble for an industry that has never faced a downturn. Worse still, the banking industry is waking up to the fact that it threw away profits to this upstart sector in the good times. Now it wants the money back. ............. The banks have already made their first moves. On June 1, the Bank of Queensland cut all ties with mortgage brokers.   The move by the thriving Brisbane bank has set off alarm bells throughout the mortgage broker market. The Bank of Queensland's chief executive, David Liddy, says: "We decided to go back to doing it ourselves with our...
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Bankers Profit at the Expense of the Broader Community Written on 02 September 2013 by Vern Gowdie    ‘CBA’s record result delivers Narev $7.8m pay cheque’ said a headline in the Business section of The Australian yesterday. According to the article, the CEO’s salary package rose to $2.1m compared to last year. Nice work. Narev is not an isolated case; bankers around the world are reaping the benefits of stabilised markets courtesy of central banker intervention.  Don’t get me wrong; if someone genuinely delivers they should share in the spoils. But what irks me is the banking sector (globally) is a protected species. As we witnessed in the GFC, the financial sector is backstopped by taxpayer money. Success is theirs and failure is ours. Globally the financial sector has grown like topsy over the past two decades and remuneration has followed suit. But has this growth added any real value to the economy? Paul Volcker (Chairman of the...
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  • doyla66
    doyla66 says #
    The CBA doesn't even need to get a completed Loan Application to force you to borrow. The Bank Manager is well versed in Blackmail
  • doyla66
    doyla66 says #
    How many more people have CBA forced into hardship with their predatory tactics since this article was written last September 2013
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