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.
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.
AAP August 25, 2012 1:22PM
THE chair of a parliamentary committee says the bribery scandals at the Reserve Bank's two banknote-making companies could prompt the government to establish an anti-corruption body for federal agencies.
Allegations were raised again in the past week about the bank's wholly owned subsidiaries Note Printing Australia and the part-owned Securency, where staff bribed foreign officials to gain contracts.
Labor MP Melissa Parke, chairwoman of the joint Australian Commission for Law Enforcement Integrity committee, said the government should canvass the option of creating a national anti-corruption body for commonwealth agencies.
"The recent revelations concerning the RBA have laid bare the gaping hole in the oversight of the commonwealth public sector," Ms Parke told ABC radio on Saturday.
RBA governor Glenn Stevens told a parliamentary economics committee on Friday that there had been "no cover-up".
In a prepared statement, Mr Stevens defended the central bank's dealings on the issue,...