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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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BFCSA: West Australian Farmers say ANZ acted unethically. Class Action Planned

Posted by on in Consumers Fight Back
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Farmers launch class action against ANZ bank

Updated 7 hours 49 minutes ago

A group of West Australian farmers say they are planning a class action against the ANZ Bank, claiming it has engaged in 'predatory' and 'unethical' practices.

In 2009, ANZ purchased Landmark's loan book, which contained rural clients.

Some of those clients are involved in the class action claiming revised loan conditions, imposed by ANZ, are too harsh.

The Rural Action Movement's, Greg Kenney, is one of about seven farmers behind the action.

He said he hoped the case resulted in a Parliamentary inquiry into banking practices.

"I wouldn't like the class action to end with just those farmers that have come on board being the beneficiaries of it," he said.

"I'd like to think that once the banking practice has been made public, that the public is aware of what they've been doing, practically in the bush, I'd expect that there'd be some reform."

A spokesman for ANZ said the bank had not engaged in any unethical or predatory behaviour.

http://www.abc.net.au/news/2014-02-14/farmers-take-class-action-against-anz-bank/5259942

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  • doyla66
    doyla66 Friday, 14 February 2014

    The Banksters are like broken records "No unethical or predatory behaviour" What a joke!!!! I am off to bed now laughing at this. ANZ should be comedians as well as fraudsters.

  • doyla66
    doyla66 Thursday, 20 March 2014

    I reckon ANZ chiefs should become comedians.

  • Denise
    Denise Saturday, 15 February 2014

    Its time for ANZ luminaries to stop poncing around and lying to the public and Parliament. For any of their team to say we at ANZ have not engaged in predatory lending or unethical behaviour is ridiculous and untrue. Ask Martin Barter to show you all the files he has conveniently buried or tried to. Where did Martin work before? Ah yes. Secret deals behind closed doors with forced settlements under a bullying process needs a mighty BIG cattle prod of a ROYAL COMMISSION into BANKING and; ANZ can appear center stage whilst I take a front row seat! Do the Farmers in WA need documentary evidence? I have a barn-full. These Banks need to wake up and smell the stench of their own handy-work! The gig is up fellas. Consumers have worked out what you were doing as systemically creating and manufacturing faulty bank products riddled with fraud and YES, most loans we have uncovered wreak of FRAUD and deception! Blame the Brokers? Not any more. Your Service Calculators will show Australia what the game plan was really all about and your nasty little SOFP tricks. Time is up gentlemen. Time to pay the piper. [email protected]

  • doyla66
    doyla66 Thursday, 20 March 2014

    i reckon this is the stupidest thing i have ever heard happened to a bank and i have heard of some stupid banks before

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