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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 CBA Toxic Advice
Retirees bilked of life savings.  Pensioners ripped off with toxic equity loans.  The Major Australian Banks were up to these capers for over a decade whilst ASIC watched life savings burn.  The Senate Inquiry into ASIC revealed how deceitful ASIC and the Bankers had become and how consumers were regarded as cannon fodder for over a decade.  The details of the scandal (thanks to the Senators) are now attracting mainstream media attention and not before time. Ian Narev and his mates at Commonwealth Bank do not understand: An Apology now is a slap in the face for all those whose lives his bank has ruined.  CBA and other banks handed out BAD ADVICE and BAD STRATEGIES to retirees for over a decade.  The Planners were simply following orders.  CBA had distressed developer clients and that aspect needs a ROYAL COMMISSION wide terms of reference.  For CBA to suggest they will appoint...
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Did you have story to tell about bank financial planner advice?  Any Bank?  Please email me and tell me your story This email address is being protected from spambots. You need JavaScript enabled to view it. http://www.theaustralian.com.au/business/financial-services/macquarie-bank-in-asics-sights-after-damning-senate-report/story-fn91wd6x-1226968912932  CBA Toxic AdviceMacquarie Bank in ASIC’s sights after damning Senate report by:ANTHONY KLAN From:The Australian June 27, 2014 THE corporate regulator has launched an investigation into Macquarie Bank’s financial planning arm, requiring it to “dramatically improve the standards of financial advice” provided and to set up a restitution scheme for investors after some of its financial planners allegedly gave poor financial advice. The move by the Australian Securities and Investments Commission follows recommendations by a Senate inquiry highly critical of both ASIC and the Commonwealth Bank.  The committee recommended a wide-scale overhaul of the corporate regulator and recommended a royal commission into a scandal involving rogue planners in the CBA’s Commonwealth Financial Planning unit.  Facing the media, ASIC chairman Greg Medcraft said the regulator had already made a...
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