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.
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.
'I've never been more ashamed to be Australian in my life'
By Louise Cheer for Daily Mail Australia <http://www.dailymail.co.uk/home/search.html?s=&authornamef=Louise+Cheer+for+Daily+Mail+Australia>
Published: 11:36 AEST, 11 December 2014 | Updated: 19:28 AEST, 11 December 2014
http://www.dailymail.co.uk/news/article-2867951/I-ve-never-ashamed-Australian-life-Farmer-pens-emotive-letter-comparing-banks-terrorists-treatment-drought-stricken-farmers-s-gone-viral.html#ixzz3LYUWbc1E
And there was something far worse in the room on Friday: the fear of speaking out against the banks: when we asked people to tell us who had done this to them, they would immediately start to shake and cry and look away: They have been silenced to protect the good corporate image of their tormentors called the banks. What in God’s name have the b*****d banks been allowed to do to our people?
This is a travesty against the rights and the human dignity of every Australian
So it's only fair that we start to name a few of major banks involved: The ANZ is a major culprit (they made $7 billion profit last year). Then there...
Consumer says to us: I said in my submission to Dastyari Inquiry that banks had forgotten about page numbers on faxes and when these Bankers woke up so many Members and other people who requested one were told by Bad Bankers: "sorry documents have all gone missing..."
It's a joke...the FOS did not ask ANZ for a copy of my LAF or if they did were not given one. FOS told Parliament "many bank files are ina muddle and documents have gone missing.
Yes that's what happens when its a Crime Scene run by Banking Cartel. Consumer Confident and Trust is shattered for years to come.
FOS CIRCULAR Sept 2013 is a must read re Maladministration in Lending:
FOS Circular Issue 15 - Spring 2013
http://www.fos.org.au/the-circular-15-home/fos-forum/maladministration-and-low-doc-loans/
Maladministration and low doc loans
Our Annual Review highlights the increase in disputes we received in 2012-2013 about maladministration in lending - that is, cases...
ANZ traders stood down over interest rate rigging probe
Banking and Finance
Date November 20, 2014
James Eyres
http://www.theage.com.au/business/banking-and-finance/anz-traders-stood-down-over-interest-rate-rigging-probe-20141119-11pxmn.html
ANZ Banking Group has stood down seven traders being targeted by the Australian Securities and Investments Commission for possible manipulation of Australia's benchmark interest rate.
The regulator is investigating an extensive period of potential misconduct in the Bank Bill Swap Rate (BBSW) market from early 2007 to 2013.
Royal Bank of Scotland, UBS and BNP Paribas have already been forced to pay fines for their role in manipulating the rate, but this is the first time one of the big four Australian banks has been identified as being involved in potential misconduct.
ASIC is continuing to investigate 10 other members of the 14 member BBSW panel – including the three other big banks –but this is taking a long time and involves the review of millions of documents. ASIC's attention on...
http://www.afr.com/p/business/sunday/anz_denies_using_risky_business_EEaHn9Xwfe8xdAjkZhGT0M
ANZ denies using risky business to attract clients
PUBLISHED: 04 Nov 2013 John Kehoe
ANZ Banking Group has been accused of lowering its lending standards, with major bank rivals claiming it is taking on extra risk to win new business customers..............Sources at two big banks have both told The Australian Financial Review that ANZ is acting the most aggressively in the business lending space. “Conditions in the market are resembling pre-GFC appetite for risk,” an executive at a major bank said. “We’ve seen ANZ in particular be very aggressive on pricing and credit terms in the SME business market, particularly for commercial real estate.”
The Australian Prudential Regulation Authority and the Reserve Bank of Australia have warned banks not to take extra risk in a low interest rate environment where demand for business loans remains subdued. APRA has ramped up its surveillance of credit quality and visited bank boards to...
'I've never been more ashamed to be Australian in my life'
By Louise Cheer for Daily Mail Australia <http://www.dailymail.co.uk/home/search.html?s=&authornamef=Louise+Cheer+for+Daily+Mail+Australia>
Published: 11:36 AEST, 11 December 2014 | Updated: 19:28 AEST, 11 December 2014
http://www.dailymail.co.uk/news/article-2867951/I-ve-never-ashamed-Australian-life-Farmer-pens-emotive-letter-comparing-banks-terrorists-treatment-drought-stricken-farmers-s-gone-viral.html#ixzz3LYUWbc1E
And there was something far worse in the room on Friday: the fear of speaking out against the banks: when we asked people to tell us who had done this to them, they would immediately start to shake and cry and look away: They have been silenced to protect the good corporate image of their tormentors called the banks. What in God’s name have the b*****d banks been allowed to do to our people?
This is a travesty against the rights and the human dignity of every Australian
So it's only fair that we start to name a few of major banks involved: The ANZ is a major culprit (they made $7 billion profit last year). Then there...
That article is so true. Old time farmers like the man in the article are quiet, proud and honourable people who just go about the
Bob & Robbie you da man, or da men..THANK YOU for your passionate efforts to expose these parasite BANKS and helping the people
