MB Fund Podcast Special Guest: Denise Brailey

We have another special guest week in Denise Brailey, who is President of the Banking and Finance Consumers Support Association. (BFCSA)

BFCSA investigates fraud involving lenders, spruikers and financial planners worldwide. 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.

In today’s interview, we discuss some of the finer details from the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, with a special focus on some of the startling revelations that Denise has come across in her experience.

We also finish with Denise’s top tips for people in the market for a home loan to help avoid getting into trouble.

After the interview, we will then look at some of the wider investment implications that these themes can impact how we invest money every day at the MB Fund.

BFCSA Submission ROYAL COMMISSION into Banking & Finance 16th Mar 2018

 

 


Take us on your daily commute! Podcasts now available on iTunes and all major Android Podcast Platforms for MB Fund.

Subscribe on Android

 

Subscribe on itunes

 

Subscribe on Spotify

 

Subscribe on Google Podcasts

Comments

  1. The Penske FileMEMBER

    Please make sure you ask her about borrowers who’ve bitten off more than they can chew or even done the odd dodgy thing to get a loan through. I’m interested in her views on the actual borrowers responsibility that she handles with her complaints as my experience in only a couple of matters is that she has a chip on her shoulder about the lender and not the stupid greedy borrower. Yes limited experience I know but please don’t just make it a bank and broker bashing love in, ask a hard question like do some of the people who complain to her get what they deserve? Also, I hope she really does go after the spruikers etc. as they deserve all the pain they get. Does she know Nathan?

    • Yep. The bankers and finance spivs have certainly been naughty, but as you mention, the borrower has an equal responsibility. I’m sure there are plenty who were duped by the banks, but they would be a minority compared to those willingly playing the housing ponzi game.