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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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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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Citigroup to Pay $968 Million to Fannie Mae on Faulty Loans (BOA paid $11.7 billion) By Hugh Son - Jul 1, 2013  Bloomberg New York Citigroup Inc. (C), the third-largest U.S. bank by assets, agreed to pay Fannie Mae $968 million to settle claims tied to more than a decade’s worth of defective home loans sold to the taxpayer-backed mortgage firm. The agreement includes 3.7 million mortgages originated between 2000 and 2012, the New York-based bank said today in a statement. While the payments were covered by existing reserves, the bank said it will set aside an additional $245 million in the second quarter. Results will be reported on July 15. Citigroup Inc. joins firms including Bank of America Corp. in settling claims that they failed to check details such as borrowers' income when they created home loans. Photographer: Munshi Ahmed/Bloomberg Citigroup joins firms including Bank of America Corp. in settling...
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  • doyla66
    doyla66 says #
    This would've been done world wide. We are going to see our corrupt banks and their corrupt buddies put behind bars where they bel
  • doyla66
    doyla66 says #
    Dirty-Aust-Ban$ters"heads-up", lenders typically promise to provide refunds if such flaws are later found in docs backing mortgage
  • doyla66
    doyla66 says #
    Aha! And do they put that promise in writing? Is it part of a contract with AOFM or ...? Does this mean investors have a faulty g
  • doyla66
    doyla66 says #
    Lisa, every BCFSA member in a position to demonstrate clear LAF discrepancies known, ought to have been known, by their scum bank$
  • doyla66
    doyla66 says #
    I certainly hope our authorities see this and understand the same outcome must happen here in Australia, for the dirty, scamming,
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