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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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BFCSA: Proof that Bank Chiefs called for their own Inquiry TO CONTROL The Control Fraud

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Ken Henry says he has no regrets for pushing for bank inquiry

The Australian 2:25pm September 19, 2018

Richard Gluyas

 

There were eight signatures on the fateful letter to then-treasurer Scott Morrison that called for the establishment of a financial services royal commission.

So persuasively did the chairs and chief executives of the four major banks argue for a royal commission in the November 30, 2017 letter that the Turnbull government immediately acquiesced.

The rest is history, apart from one significant point.

The word on the street is that, of the four bank chairs, it was National Australia Bank’s Ken Henry who was mostly responsible for developing the industry consensus that a royal commission was necessary to end the political uncertainty and erosion of confidence in the financial system.

“We now ask you and your government to act to ensure a properly constituted inquiry into the financial services sector is established to put an end to the uncertainty and restore trust, respect and confidence,” the signatories said.

Asked by this column earlier today if he had any regrets, Henry was unrepentant.

“I have no regrets if the industry has been embarrassed,” he said.

“The industry should accept that there are good reasons for its embarrassment and it should respond accordingly.”

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