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.
TRUST IN THE BANKING SYSTEM has broken down. Refinancing has stopped. Loans that implode in 7 years are now (under the NCCP law) imploding in 3 years. All those who were "stitched" up by banks with Low Docs and Full Doc non affordable loans will then face the sheriff and loss of homes and ASIC know that.
Since deregulation 1986, citizens have lost long term security that should have been there if you worked hard to achieve your own home. At the bottom of every scam, there has been a corrupted regulatory regime and of course BANKSTERS. Our Federal Parliament MUST recognize that at the bottom of every scam and property bubble there are the doyens of the banking world........a world of "high" finance and looting. Yet for the Banksters to continue to steal homes and arrange monstrous financial scams, there has to be a corrupted Securities Commission.
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