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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 Australia ruled by Big Four Banks
Jobs to go with axed government agencies Date December 13, 2014 - 10:20AM   http://www.brisbanetimes.com.au/federal-politics/political-news/jobs-to-go-with-axed-government-agencies-20141213-126ek7.html Jobs will go when the federal government moves to scrap a large number of government agencies. Finance Minister Mathias Cormann indicated that the axing of government agencies, reported to be 175 in total, will lead to job losses. "If you reduce the number of government bodies, there will be an impact on jobs across the public service," he told Sky News on Saturday. "What we will see is that as a result of our reform efforts so far, that the size of the public service will be back down to the same level as what it was in 2007, 2008."  We think that's appropriate." News Corp Australia reported that 175 government agencies will be scrapped in a bid to make budget savings and streamline the public service. Mr Cormann was expected to announce the cuts on...
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  • Louie2U
    Louie2U says #
    Why is it that the Liberal governments, be they state or federal, always think that this is the solution? Strategy & Reform is equ
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  Finance industry standards report a new headache for Mathias Cormann Banking and FinanceBusiness Date November 21, 2014 Adele Ferguson http://www.theage.com.au/business/banking-and-finance/finance-industry-standards-report-a-new-headache-for-mathias-cormann-20141120-11qh68.html   After losing the battle to windback financial advice laws, Senator Mathias Cormann will need to carefully consider how he reacts to a report from an industry working group into the professional, ethical and educational standards of financial planners. The 74-page report, which just landed in Senator Cormann's inbox, is understood to conclude that the financial planning industry requires a new "holistic framework" to help rebuild public confidence after a string of scandals and revelations that it takes eight days to qualify as a financial planner. It says the existing minimum education and training standards are inadequate and a "lack of consistent ethics and conduct standards causes divergences of practices across the industry" and mandatory adoption of a code of conduct would promote lift the ethics of the sector.   It...
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Citizens Electoral Council of Australia Media Release  Wednesday, 8 October 2014 Craig Isherwood‚ National SecretaryEmail: This email address is being protected from spambots. You need JavaScript enabled to view it. Australia: Look to Egyptian nation building Australia must look to Egypt to see what’s possible when a nation has a sovereign mission for development. After the political unrest and protests of 2012‑13, under President Abdel Fattah al‑Sisi, Egypt’s future now looks bright. Just last month, Head of the Suez Canal Authority, Vice Admiral Mohab Mamish said that the Armed Forces have completed 25 per cent of the digging work of the New Suez Canal Project and the new canal will be complete within just one year. An Australian government feasibility study would take longer! On 5 August, President al-Sisi presided over the ceremony commencing the construction of canal and by the next day, under the supervision of the Egyptian Army Corps of Engineers, 7,500 workers began digging. In the same spirit, Egyptian citizens overwhelmingly supported...
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The rise and rise of the big banks Concentration of ownership Technical Brief No. 15 December 2012 ISSN 1836-9014 David Richardson http://www.tai.org.au/system/files_force/TB%252015%2520The%2520rise%2520and%2520rise%2520of%2520...   Summary The Australian banking industry is the most concentrated in the world and also the most profitable. In fact the ‘big four’ Australian banks make up four of the eight most profitable banks in the world.  The big banks have conceded that they are not highly competitive but have argued that their market power provides benefits in the form of ‘financial stability’. Yet in other contexts the big four banks argue that they are highly competitive. The following evidence shows clearly that this is not the case.  This paper examines the common ownership of the big four banks. It finds that the degree of common ownership seriously challenges the idea that the big four banks  are engaged in fierce competition. Examination of the top 20 shareholders in the banks’...
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