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What BFCSA Does...
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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Lee Doyle
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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Senate Inquiry into the post-GFC banking sector - Program Day 3
Senate Economics References Committee
Public Hearing
Inquiry into the post-GFC banking sector
Friday 10 August 2012
Jubilee Room, NSW Parliament House
SYDNEY
PROGRAM
8.30 am – 9.15 am Mr Paul French and Mr Geoffrey Reiher (submission 104)
9.15 am – 10.00 am Mr James Neale (submission 54, 54A)
10.00 am – 10.45 am Mr Geoffrey Shannon (submission 118)
10.45 am – 11.00 am Break
11.00 am – 11.45 am
ING DIRECT (submission 103)
Mr Vaughn Richtor, Chief Executive Officer
Mr Glenn Baker, Chief Financial Officer
Mr Bart Hellemans, Chief Risk Officer
11.45 pm – 12.30 pm Mr Guy Goldrick (submission 56)
12.30 pm – 1.30 pm Lunch break
1.30 pm – 3.00 pm
Bankwest (submission 80)
Mr Rob De Luca, Managing Director
Mr Ian Corfield, Chief Executive, Bankwest Business
Ms Sue Tindal, Chief Executive, Strategy & Reputation
3.00 pm – 4.00 pm
National Australia Bank (submission 79)
Mr Mark Joiner, Executive Director and Chief Financial Officer
Mr Bruce Munro, Chief Risk Officer
4.00 pm Adjournment
To read the submissions
http://www.aph.gov.au/Parliamentary_Business/Committees/Senate_Committees?url=economics_ctte/post_gfc_banking/submissions.htm
To access the broadcast
http://www.aph.gov.au/News_and_Events/Watch_Parliament
Last modified on
Timing of this inquiry
Yesterday afternoon I collected my son from Murdoch Train Station after he had been to Uni & after the usual chit chat of how's your day been? I was surprised at this angry question he raised.
"Who were the dickheads that set the date for this Senate Inquiry to be right in the middle of the Olympics"?
As you might guess, his undergraduate degree has a major is in marketing. Great question I thought coming from a 20yr old.
Perhaps, the powers that be thought Australia was going to blitz the Olympics which would overshadow this? It hasn't.