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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 Banks Cheating Again
Hedge funds need regulating like banks to avoid financial instability, argues Penny Neal....Penny Neal is a Lecturer in macroeconomics, banking, and financial markets at the Flinders Business School, Adelaide.  Causes The immediate causes of the subprime mortgage crisis were the extremely low interest rates available from 2001 through 2004 and the poor quality of the loans that flowed from those rates. The US Federal Reserve reduced interest rates in response to the ‘tech wreck’ of 2001, which followed the dotcom boom of the late 1990s, and again reduced interest rates to steady market jitters following the September 11 terrorist attacks. The European Central Bank also reduced interest rates around this time, to deal with a slowdown in Europe. In 2003–04, the Fed was concerned about the threat of deflation and so further reduced rates in the US.   Lower interest rates meant there was a lot more money sloshing around in the...
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TUESDAY, SEP 24, 2013 10:45 PM +0800 Banks find appalling new way to cheat homeowners So much for the National Mortgage Settlement.   BEWARE OF YOUR BANK Homeowners are now getting foreclosed on without their knowledge! BY DAVID DAYEN This article originally appeared on Alternet.   A few months ago, Ceith and Louise Sinclair of Altadena, California, were told that their home had been sold. It was the first time they’d heard that it was for sale. Their mortgage servicer, Nationstar, foreclosed on them without their knowledge, and sold the house to an investment company. If it wasn’t for the Sinclairs going to a local ABC affiliate and describing their horror story, they would have been thrown out on the street, despite never missing a mortgage payment. It’s impossible to know how many homeowners who didn’t get the media to pick up their tale have dealt with a similar catastrophe, and eventually lost...
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  • doyla66
    doyla66 says #
    Thanks, Denise. Good to know. Just in case any of the "solutions" ever put forward by Banks, lenders, ASIC, FOS, Government or an
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