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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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Sadly there is a glaring poverty of thinking by regulators and industry bodies.  Today we received a communique sent to all Planners as to 10 complaints a year regarding members and imprudent loans. IT should have started with a simple: "We need a Royal Commission into the Two Big to Fail Banks, namely ANZ, CBA, NAB and Westpac, and here is why....  WE shall re-write the content for every member of the public to read and those 234,000 followers world wide..... To all those Organisations and their info impoverished members who do not understand the banking white collar crime scene……………………….   The Org suggests “financial planners advisers” – their own members are the culprits. - Really?  It does suggest that a small number complaints exist (10) – rubbish as there are 30,000 complaints re Banking, Insurance, Super to Ombudsmen.   The communique does not mention or explain the following facts:- Does not recognise potential probable 200,000 victims of Low Doc lending in...
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