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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 ANZ John MacFarlane
S25.1 of the Bankers Code - "must have regard for affordability" went out the window John!  Unverified Mortgage Loans is fraught with fraud including full doc loans.  Wakey Wakey.  Yes these god like Bankers all made millions in commissions and bonuses and designed the Code as a FACADE to deceive the public and then  immediately sold faulty products that represent the reverse of what is written the the codes signed by the following Bankers.  If you want to know who these Fraudsters and Banker Engineers of dodgy products are.....their names appear below:   This email address is being protected from spambots. You need JavaScript enabled to view it. http://media.corporate-ir.net/media_files/irol/24/248677/mediareleases/2003/ANZ-MediaRelease-20030815.pdf For Release: 15 August 2003 ANZ adopts new Code of Banking Practice ANZ today announced it has adopted the new Code of Banking Practice. The Australian Bankers’ Association released the new Code of Banking Practice on Friday, 1 August 2003. The updated self-regulatory Code is a voluntary code of conduct which sets standards of good banking...
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    setup says #
    Has anyone lost their home with ANZ due to banking malpractice after the new code was intruduced?
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Our intrepid Researcher Gladys is digging up an impressive history of dastardly banking BIG BANK BAD BEHAVIOUR  . Time to regulate the banks start with URGENT ROYAL COMMISSION into Banking             This email address is being protected from spambots. You need JavaScript enabled to view it. http://www.theage.com.au/articles/2004/02/08/1076175032035.html   Canny chief steers ANZ clear February 9 2004 There is an experienced banking chief executive with the perfect curriculum vitae to strip the risk out of National Australia Bank in the wake of its foreign exchange trading losses.  The only problem is, he's already doing it for one of NAB's competitors. ANZ bank chief executive John McFarlane is Scottish-born, like John Stewart, the man chosen to clean up after NAB's $360 million foreign-exchange debacle.  But that is where the similarities end. Stewart joined NAB last year with a brief to consolidate NAB's British banks, but he was a retail banking specialist before that, first at Woolwich, the British building society-turned-bank, and then at Barclays, which took over Woolwich in 2000. McFarlane...
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