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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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At the Senate Estimates Hearing last week ASIC were asked whether they were signatories to the Australian Standard for Complaints Handling. ASIC took this as a question on notice! What's hard about that question? ASIC also helped create the Standard!   Some background to this question: Commonwealth Ombudsman: Better Practice Guide to Complaint Handling (2009) Australian Standard for Complaints Handling (extract) http://www.saiglobal.com/PDFTemp/Previews/OSH/AS/AS10000/10000/10002-2006.pdf http://www.standards.org.au/Pages/default.aspx...
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:D
"It is not necessary to bury the truth. It is sufficient merely to delay it until nobody cares -- Napoleon Bonaparte" This must have been the motto of the Australian Public "Masters" for years! The unelected have run the country. Look at the results. More bureaucracy and less democracy. That's how they created "stability" - a hung parliament is the perfect justification. And nothing really changes beyond the window dressing. "Great coats on - great coats off"... Their objective? "Maintain the status quo and our positions and pay rises, our power and security ie. basically more of the same while politicians come and go. We run this country - forget that at your peril. Don't call us/treat us like public servants." And they're nasty if you try to threaten them in any way - not really nasty publicly, of course. It's all behind closed doors - that's how political power works....
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  • doyla66
    doyla66 says #
    well said Lisa... where can we find ?? "... a team of highly motivated and committed people with the experience and persistence to
  • doyla66
    doyla66 says #
    Well said, Arree. They usually employ consultants to investigate or create changes. But very little ever changes for any length o
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Video: http://www.abc.net.au/7.30/content/2012/s3588021.htm Australian Broadcasting Corporation Broadcast: 11/09/2012 Reporter: Nick McKenzie Following our story on the bribery scandal centring on the Reserve Bank of Australia, new evidence raises questions about the RBA's response. Transcript LEIGH SALES, PRESENTER: The scandal over alleged bribery and corruption in companies owned by the Reserve Bank is deepening.Explosive new evidence shows that RBA subsidiaries paid more than $3 million in commissions to a Malaysian arms dealer to secure bank note contracts in Asia. Even after the arms dealer was sacked for corruption, the payments continued with the RBA's approach.The revelations pose serious new questions for Reserve Bank Governor Glenn Stevens about what the bank knew of Australia's worst corporate corruption case.Nick McKenzie has this report, with Richard Baker of The Age.NICK MCKENZIE, REPORTER: The bribery scandal that is engulfing the Reserve Bank of Australias has reverberated across the globe. Last year in Kuala Lumpur, the former assistant...
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  • doyla66
    doyla66 says #
    "incorrect conclusion"(b.s)whistle-blower approached RBA-Deputy2007;Aust-Treasurer ignored & media expose2009. Go figure? Who's ly
  • doyla66
    doyla66 says #
    Well with the names these corrupt go betweens have i would have been inquiring of their status and credibility, which bank they re
  • Denise
    Denise says #
    The 7.30 Report investigation into the RBA and Securency, now deepens the need for a ROYAL COMMISSION INTO THE UTTERLY WICKED AUST
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