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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 Standard & Poor dodgy AAA
Yes folks: Truth finally bubbling to the surface.  Did you purchase a TOXIC LENDING PRODUCT   Defeated S&P faces storm of litigation by:LEO SHANAHAN  From:The Australian June 07, 201412:00AM STANDARD & Poor’s is bracing for the onset of billions more in legal claims following a court ­ruling that could extend liability for its rating of toxic financial products prior to the global financial crisis.   The full bench of the Federal Court rejected an appeal by S&P and ABN Amro after they were found liable for giving AAA ­ratings to tens of millions of ­dollars worth of toxic financial products.  In a landmark 2012 judgment, 12 regional Australian councils successfully sued S&P for almost $20 million lost on complex ­financial products called CPDOs (constant proportion debt obligations) in the global financial crisis. The products had been given positive ratings by S&P, including its ­coveted AAA rating. The court yesterday unanimously rejected...
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  • doyla66
    doyla66 says #
    We can't trust S&P - their ratings system is full of corrupt dealings, or maybe they're just totally incompetent. Litigation is a
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