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TOPIC: Extend the Royal Commission Event

Extend the Royal Commission Event 1 week 3 days ago #4002

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A message to supporters of the

“Extend the Royal Commission Event”

Are you tired of seeing Australian Bank Executive simply carry on with business as usual after they pay fines from the Shareholders’ Cheque Book?

Are you tired of what some politicians described as a “Protection Racket”?

Are you tired that Australian regulators ‘see nothing’ or flick life-changing crimes to someone else who ‘passes the parcel’ to another ‘do-nothing’ regulator?

Are you tired with hollow apologies from bank executives?

Is it time to stop calling Australian “do-nothing’ ‘see-nothing’ regulators and, instead, call in those who arrest criminals around the world and even seize assets and has happened with some CBA Bank Executives who are on US Charges and face asset forfeiture in Australia, New Zealand and the USA?

As you might be aware, a US Government Prosecutor’s press release about their charges against Commonwealth Bank executives in the IT division publicly stated that the US will not tolerate crimes which impact upon US pension funds and can compromise the integrity of the US financial system. www.scribd.com/document/349172033/US-Att...A-IT-Bribery-Scandal

The press release by the FBI’s Los Angeles Office states that international boundaries will not hinder the FBI. And those CBA bank executives who were based in Sydney face trial in the USA.

The lawyers for one of the CBA Executives has written that Australians can be extradited to the USA for violating US Racketeering laws. ngm.com.au/australians-extradited-united-states-rico/


Supporters of the Extend the Royal Commission Event are invited to screenshot ‘FBI tip off’ forms ( a link is provided below) after filling in their name and contact details with a short statement that asks the International Corruption division of the FBI to investigate Australian banks - and their bank executives - that operate through the US financial system or that sell tranches of mortgages to US investors.

Send the screenshots of your completed tip off to

This email address is being protected from spambots. You need JavaScript enabled to view it.

for printing and delivery to the relatively new FBI Attache Office at the US Embassy.

Maybe it’s time people asked genuinely independent international law enforcement to look into extraditable offences and into seizure of bankers assets.

Regards
Witness Support & Referral Services Inc,
37 Buckingham St Richmond 3121
(03)94209611


tips.fbi.gov/
Last Edit: 1 week 3 days ago by DesiredUserName.
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Greens want jail time for bankers 1 week 1 day ago #4005

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The administrator has disabled public write access.

David Murray knew: 2 days 4 hours ago #4015

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Petitioning Mr David Murray Chairman of the Financial System Inquiry

ROYAL COMMISSION into Australian Banks, the Regulators ASIC, APRA and all subsidiaries and joint partners

Supporters
Reasons for signing

Most Popular
Latest

Liam McAleenan AUSTRALIA
about 1 month ago
Liked 9

I win my case agents the cba for maladministration in leading but FOS are letting then sale I'm bock,
joel cannan AUSTRALIA
about 1 month ago
Liked 9

To stop the banks from not being accountable for their actions
Peter Hill HOPETOUN, AUSTRALIA
about 1 month ago
Liked 8

It's corrupt dodging loans on generated software
John Davey HEATHRIDGE 6027, AUSTRALIA
about 1 month ago
Liked 8

I'm close to losing everything I had built over 40 years of hard work because the bank didn't include all of my monthly costs (including Credit card from that bank) when allowing me a loan for $1.5 million. Without tax records, with only a letter from my agent in Jersey Islands that may have been "DOCTORED BY THE BANK". My wife and I are now struggling financially and personally.
John Crundwell TOWNSVILLE CITY, AUSTRALIA
about 1 month ago
Liked 7

Suffered first hand at the immoral and illegal ways of CBA
Sandra Grainer WHITE ROCK, AUSTRALIA
about 1 month ago
Like
7

The Banks having been getting away with "CRIMINAL BEHAVIOUR" for far too long and it is time to bring them under control for the sake of all Australians. If we fail, our future will be very much threatened. My wife and I are both victims of Low Doc Loans.
jen cox AUSTRALIA
about 1 month ago
Like
7

struggling to live and hold onto our home
jen cox AUSTRALIA
about 1 month ago
Like
7

i am a victim of this...its affected our life for 7 yrs
Maggie McGowan AUSTRALIA
about 1 month ago
Like
7

The banks 'stole' my home, now having to pay more for it in a 'new home loan' than the purchase price was for it nearly ten years ago!
Brett Montgomery KINGSCLIFF, AUSTRALIA
about 1 month ago
Like
7

Banks have ripped off my father
Andrew Forbes Smith BYRON BAY, AUSTRALIA
about 1 month ago
Like
7

To reveal truth, and hopefully bring about a fairer society for everyone.
Kevin Lee AUSTRALIA
about 1 month ago
Like
7

Unfortunately when you add in the now infamous MIS scams that have screwed the lives of up to 18,000 people - we have a bank & financial planning rip-off on a massive scale. It's time to fight back!!!
Josef Perner AUSTRALIA
about 1 month ago
Like
6

We are sick of being ripped off by the system, banks, government councils everything, Australia needs to hit the reset button and get back to basics.
Caroline Vardy COOLBELLUP, AUSTRALIA
about 1 month ago
Like
6

I lost my home
Georgia Morfidis AUSTRALIA
about 1 month ago
Like
6

My aunty got ripped off by the NAB
Caroline Baker AUSTRALIA
about 1 month ago
Like
6

Because I have lost thousands of dollars because of St George bank mortgage fraud.
David Fahey SYDNEY, AUSTRALIA
about 1 month ago
Like
6

Because my partner and I are one of those home owners who is affected.
Debra Lock PARKHURST, AUSTRALIA
about 1 month ago
Like
6

Myself,family and friends are victims of banking fraud, maladministration and unconsciable lending.
Michael Porret AUSTRALIA
about 1 month ago
Like
6

Have been through hell for 76 years and lost more than my family can handle. We were pushed into what we thought was an investment but now don't know if we can keep our home
John Davey HEATHRIDGE 6027, AUSTRALIA
about 1 month ago
Like
6

Because I am looking at owning nothing and owing a lot of money, where before the bank loan I owned everything. Now my retirement and my marriage are in jeopardy because the bank failed to notice my three credit cards and private loan repayments when approving a $1.5million loan, without any tax records or proof of income other than a letter from a man in Jersey.
katie shafar AUSTRALIA
about 1 month ago
Like
6

In 2009 an ANZ banker overstated my income by $50,000 pa to get 2 loans over the line....I am still waiting for my LAF.
Trish Henderson MOUNT ELIZA, AUSTRALIA
about 1 month ago
Like
6

Our banks are out on control and not answerable to anyone, theft on a grand scale and no accountability
Christine Bradstreet WILLETTON, AUSTRALIA
about 1 month ago
Like
6

I ended up with a debt I could not pay and after 5 years in the courts eventually had to sell my home to pay the debt.
Anna Delamere AUSTRALIA
about 1 month ago
Like
6

My Husband and i are both victims of loan application tampering by Legacy Financial Services staff who inflated our income figures on our Loan Application Form without our knowledge. The bank staff involved purposely set us up to take us down. They knew that their actions would cause us to lose our home. The loan would not have been approved if the real income figure was used. We owned our home in 2007 and now we face eviction. Their greed has ruined our lives. We must have a Royal Commission.

Lisa Yu AUSTRALIA
about 1 month ago
Like
6

ANZ had robbed my additional cash asset over $400,000 on top of my original 20% equity like a snake to swallow a large object and turned into property as it's tummy then slowly digesting it by the way of toxic loan and its illegal interests.


Cynthia Lawrence CAMPBELLTOWN, AUSTRALIA
about 1 month ago
Like
6

We are affected by this scandal and we need to ask the banks to tell the truth about home lending.
Jack Dale AUSTRALIA
about 1 month ago
Like
6

My wife and I are Storm Financial victims of the banks
Alicia Vanschayk AUSTRALIA
about 1 month ago
Like
6

Fair game for the working family!
Michal Blair AUSTRALIA
about 1 month ago
Like
6

Like to see the bastards pay for their greed
Brenda Beal AUSTRALIA
about 1 month ago
Like
6

My LAF was altered to qualify us for a Farm Loan. This has affected my whole immediate family financially.


Maria Roditis AUSTRALIA
about 1 month ago
Like
6

Because I am a victim of two collapsed Mis Investments due to BAD advise
paul carnemolla AUSTRALIA
about 1 month ago
Like
6

with all proof of false loan documents false signature money stolen false tax return false statement bank never produce any loan document for six years ask, the answer is not produce this is not one loan but two,,,,,,,,,,,,,,,, we lost all after 45 years of hard work me my wife & family this bank the are criminal

ADELAIDE & BENDIGO BANK
Ed Schmidt BLAIRMOUNT, AUSTRALIA
about 1 month ago
Like
6

We are affected in this way and in danger of losing our home.
William Doherty NEWCASTLE, AUSTRALIA
about 1 month ago
Like
6

We have lost our home and life savings
sharon matherson NARANGBA, AUSTRALIA
about 1 month ago
Like
6

ripped off by banks lost everything



We need a Royal Commission urgently
Jen Flynn AUSTRALIA

about 1 month ago
Like
6

Am a victim of this disgraceful conduct by the banks.
Rosie Cornell MEADOW SPRINGS, AUSTRALIA

about 1 month ago
Like
6

because I know how it happened to us and it needs a Royal Commisssion
michelle matheson KAHIBAH, AUSTRALIA

about 1 month ago
Like
6

Facing homelessness with 3 children due to fraud by rams/RHG , my mother has lost her life savings and home due to fraud by WESTPAC- it is time hard working Australians are supported by their government to stop predatory and deceptive lending by our banks immediately - lives are getting ruined as is the future for our children due to shameful and criminal banking practices, this is a national epidemic and needs resolution!
Howie Hughes AUSTRALIA

about 1 month ago
Like
6

I'm currently in the middle of a four year battle with Westpac regarding my home loan, and regardless of multiple examples of fraudulent and deceptive behavior and documentation I've provided its like I don't exist. Its the same scenario with FOS - my dispute was lodged well over 18 months ago and two case officers, one dispute analyst and a banking expert and they still try to send me in ever increasing circles whilst trying to cover the banks back through manipulating the Terms of Reference in totally bias and unethical way. I will not give in or walk away from this and I will bulldoze my own home on national tv before ever giving it to Westpac -the pack of liars and cheats.


shane pearce AUSTRALIA

about 1 month ago
Like
6

Its time for an independent banking ombudsman not one funded by the financial institutions themselves. ASIC has failed in its regulatory duties to protect consumers. The Banks must be stopped making unconscionable decisions where consumers are concerned.
Denise Brailey DOWERIN, AUSTRALIA

about 1 month ago
Like
6

Banks became the robbers of homes by targeting ARIPs asset rich and income poor. People who own modest home and on pension or low income. What type of people are these Bankers?
Karen Kennedy AUSTRALIA

about 1 month ago
Like
6

It's time for these banks to be accountable for all their years of theft
Chester Lochhead ADELAIDE, AUSTRALIA

about 1 month ago
Like
6

This is important to me because I mortgaged my home with West Point Mezzanine and ended up have to sell before I went bankrupt after Price-water House and Coopers put the company into Liquidation
David White BATHURST, AUSTRALIA

about 1 month ago
Like
6

Anz bank fraudulent lent money for our mortgage


Denise Brailey DOWERIN, AUSTRALIA

about 1 month ago
Like
6

We want re-regulation of the banks. How can we trust bankers to do the right thing?
Milton Wilde AUSTRALIA

30 days ago
Like
5

A Royal Commission with wide range terms of reference is needed to expose so many 1,000's of cases involving the fraudulent lending practices of not just the big four banks, but statistically more often by the smaller banks like the Bendigo Adelaide Bank and other non-bank lenders. The scope of the Royal Commission being sought must extend to Bendigo Adelaide Bank, non-bank lenders, mortgage managers and non-bank wholesale funders. The Bendigo Adelaide bank who have just been gifted the Rural Finance Corporation by the Victorian State Government, have already started revaluing assets to foreclose on rural mortgages in order to satisfy their 'Basel' based Claw Back provisions. Their unconscionable conduct including the saturation marketing of Reverse Mortgages, Homesafe Solutions 'Debt Free Equity Release' are all scams design to divest the aged members of our society of their only assets in a sneaky and underhanded manner, all the while protected by the fine print in their mortgage agreements which are weighted 100% against their unsuspecting customers/borrowers.

I propose that, due to the high number of victims whose lives have been gravely affected by smaller and non-bank lenders, the explanatory text describing the petition now be expanded to allow for the inclusion of the Bendigo Adelaide Bank , other varieties of banks and money lenders who have conveniently flown under the radar for far too long.

What happened to the State based legislative provisions and consumer protections provided in the old Money Lenders Acts which afforded protection to borrowers where ASIC, FOS and our Federal government do nothing and our legal system is totally bank biased.
Rob Ding AUSTRALIA

about 1 month ago
Like
5

Stop the fraud. Stop corruption. Put people before corporate greed profits.
Marc Sweeney STONYFORD, AUSTRALIA

about 1 month ago
Like
5

The deregulation of the banking industry has led to massive corruption, which has been supported in a majorly negative way for consumers by this LNP government and a Royal Commission is needed to rectify this unacceptable situation.
Fran Fairhead AUSTRALIA

about 1 month ago
Like
5

I am one of thousands who have been ill served by a financial planner and consequently a bank


Fran Fairhead AUSTRALIA
about 1 month ago
Like
5

I am one of thousands who have been ill served by a financial planner and consequently a bank
John Holligan AUSTRALIA
about 1 month ago
Like
5

Bank fraud is not on we need a royal commission
Merleen ANDERSON AUSTRALIA
about 1 month ago
Like
5

To stop the banks from fraudulent practices and doctoring our applications
Dale McCahon AUSTRALIA
about 1 month ago
Like
5

It is a much needed exposure of Bank fraud and white collar crime the scourge of this country
Lynne Kreutzer ALSTONVILLE, AUSTRALIA
about 1 month ago
Like
5

Banks have been acting outside the law and the regulators are guilty of wilful blindness.
Laurell Miller AUSTRALIA
about 1 month ago
Like
5

Timbercorp Investor



To stop the banks from fraudulent practices and doctoring our applications
Dale McCahon AUSTRALIA
about 1 month ago
Like
5

It is a much needed exposure of Bank fraud and white collar crime the scourge of this country
Lynne Kreutzer ALSTONVILLE, AUSTRALIA
about 1 month ago
Like
5

Banks have been acting outside the law and the regulators are guilty of wilful blindness.
Laurell Miller AUSTRALIA
about 1 month ago
Like
5

Timbercorp Investor
Ken Grech AUSTRALIA
about 1 month ago
Like
5

Need to do something serious with corporate corruption please.
Hanuman Pandji MELBOURNE, AUSTRALIA
about 1 month ago
Like
5

Banks are undermining our economy through debt and fraud. Sign this petition if you think that they need to be held accountable!
Philip Soos MELBOURNE, AUSTRALIA
about 1 month ago
Like
5

Rampant control frauds pose a major threat to the efficient and equitable functioning of a banking and financial system. They must be stamped out.
stephanie flory AUSTRALIA
about 1 month ago
Like
5

my parents have 2 toxic low doc loans and the bank wants to reposses the house
lynette flory AUSTRALIA
about 1 month ago
Like
5

my husband and i have 2 toxic low doc loans and the bank wants to take possesion of our house

More Reasons


Supporters
Reasons for signing

Most Popular
Latest

Liam McAleenan AUSTRALIA
about 1 month ago
Liked 9

I win my case agents the cba for maladministration in leading but FOS are letting then sale I'm bock,
joel cannan AUSTRALIA
about 1 month ago
Liked 9

To stop the banks from not being accountable for their actions
Peter Hill HOPETOUN, AUSTRALIA
about 1 month ago
Liked 8

It's corrupt dodging loans on generated software
John Davey HEATHRIDGE 6027, AUSTRALIA
about 1 month ago
Liked 8

I'm close to losing everything I had built over 40 years of hard work because the bank didn't include all of my monthly costs (including Credit card from that bank) when allowing me a loan for $1.5 million. Without tax records, with only a letter from my agent in Jersey Islands that may have been "DOCTORED BY THE BANK". My wife and I are now struggling financially and personally.
John Crundwell TOWNSVILLE CITY, AUSTRALIA
about 1 month ago
Liked 7

Suffered first hand at the immoral and illegal ways of CBA
Sandra Grainer WHITE ROCK, AUSTRALIA
about 1 month ago
Like
7

The Banks having been getting away with "CRIMINAL BEHAVIOUR" for far too long and it is time to bring them under control for the sake of all Australians. If we fail, our future will be very much threatened. My wife and I are both victims of Low Doc Loans.
jen cox AUSTRALIA
about 1 month ago
Like
7

struggling to live and hold onto our home
jen cox AUSTRALIA
about 1 month ago
Like
7

i am a victim of this...its affected our life for 7 yrs
Maggie McGowan AUSTRALIA
about 1 month ago
Like
7

The banks 'stole' my home, now having to pay more for it in a 'new home loan' than the purchase price was for it nearly ten years ago!
Brett Montgomery KINGSCLIFF, AUSTRALIA
about 1 month ago
Like
7

Banks have ripped off my father
Andrew Forbes Smith BYRON BAY, AUSTRALIA
about 1 month ago
Like
7

To reveal truth, and hopefully bring about a fairer society for everyone.
Kevin Lee AUSTRALIA
about 1 month ago
Like
7

Unfortunately when you add in the now infamous MIS scams that have screwed the lives of up to 18,000 people - we have a bank & financial planning rip-off on a massive scale. It's time to fight back!!!
Josef Perner AUSTRALIA
about 1 month ago
Like
6

We are sick of being ripped off by the system, banks, government councils everything, Australia needs to hit the reset button and get back to basics.
Caroline Vardy COOLBELLUP, AUSTRALIA
about 1 month ago
Like
6

I lost my home
Georgia Morfidis AUSTRALIA
about 1 month ago
Like
6

My aunty got ripped off by the NAB
Caroline Baker AUSTRALIA
about 1 month ago
Like
6

Because I have lost thousands of dollars because of St George bank mortgage fraud.
David Fahey SYDNEY, AUSTRALIA
about 1 month ago
Like
6

Because my partner and I are one of those home owners who is affected.
Debra Lock PARKHURST, AUSTRALIA
about 1 month ago
Like
6

Myself,family and friends are victims of banking fraud, maladministration and unconsciable lending.
Michael Porret AUSTRALIA
about 1 month ago
Like
6

Have been through hell for 76 years and lost more than my family can handle. We were pushed into what we thought was an investment but now don't know if we can keep our home
John Davey HEATHRIDGE 6027, AUSTRALIA
about 1 month ago
Like
6

Because I am looking at owning nothing and owing a lot of money, where before the bank loan I owned everything. Now my retirement and my marriage are in jeopardy because the bank failed to notice my three credit cards and private loan repayments when approving a $1.5million loan, without any tax records or proof of income other than a letter from a man in Jersey.
katie shafar AUSTRALIA
about 1 month ago
Like
6

In 2009 an ANZ banker overstated my income by $50,000 pa to get 2 loans over the line....I am still waiting for my LAF.
Trish Henderson MOUNT ELIZA, AUSTRALIA
about 1 month ago
Like
6

Our banks are out on control and not answerable to anyone, theft on a grand scale and no accountability
Christine Bradstreet WILLETTON, AUSTRALIA
about 1 month ago
Like
6

I ended up with a debt I could not pay and after 5 years in the courts eventually had to sell my home to pay the debt.
Anna Delamere AUSTRALIA
about 1 month ago
Like
6

My Husband and i are both victims of loan application tampering by Legacy Financial Services staff who inflated our income figures on our Loan Application Form without our knowledge. The bank staff involved purposely set us up to take us down. They knew that their actions would cause us to lose our home. The loan would not have been approved if the real income figure was used. We owned our home in 2007 and now we face eviction. Their greed has ruined our lives. We must have a Royal Commission.

Lisa Yu AUSTRALIA
about 1 month ago
Like
6

ANZ had robbed my additional cash asset over $400,000 on top of my original 20% equity like a snake to swallow a large object and turned into property as it's tummy then slowly digesting it by the way of toxic loan and its illegal interests.
Cynthia Lawrence CAMPBELLTOWN, AUSTRALIA
about 1 month ago
Like
6

We are affected by this scandal and we need to ask the banks to tell the truth about home lending.
Jack Dale AUSTRALIA
about 1 month ago
Like
6

My wife and I are Storm Financial victims of the banks
Alicia Vanschayk AUSTRALIA
about 1 month ago
Like
6

Fair game for the working family!
Michal Blair AUSTRALIA
about 1 month ago
Like
6

Like to see the bastards pay for their greed
Brenda Beal AUSTRALIA
about 1 month ago
Like
6

My LAF was altered to qualify us for a Farm Loan. This has affected my whole immediate family financially.
Maria Roditis AUSTRALIA
about 1 month ago
Like
6

Because I am a victim of two collapsed Mis Investments due to BAD advise
paul carnemolla AUSTRALIA
about 1 month ago
Like
6

with all proof of false loan documents false signature money stolen false tax return false statement bank never produce any loan document for six years ask, the answer is not produce this is not one loan but two,,,,,,,,,,,,,,,, we lost all after 45 years of hard work me my wife & family this bank the are criminal

ADELAIDE & BENDIGO BANK
Ed Schmidt BLAIRMOUNT, AUSTRALIA
about 1 month ago
Like
6

We are affected in this way and in danger of losing our home.
William Doherty NEWCASTLE, AUSTRALIA
about 1 month ago
Like
6

We have lost our home and life savings
sharon matherson NARANGBA, AUSTRALIA
about 1 month ago
Like
6

ripped off by banks lost everything
Bruce Duncan AUSTRALIA
about 1 month ago
Like
6

We need a Royal Commission urgently
Jen Flynn AUSTRALIA
about 1 month ago
Like
6

Am a victim of this disgraceful conduct by the banks.
Rosie Cornell MEADOW SPRINGS, AUSTRALIA
about 1 month ago
Like
6

because I know how it happened to us and it needs a Royal Commisssion
michelle matheson KAHIBAH, AUSTRALIA
about 1 month ago
Like
6

Facing homelessness with 3 children due to fraud by rams/RHG , my mother has lost her life savings and home due to fraud by WESTPAC- it is time hard working Australians are supported by their government to stop predatory and deceptive lending by our banks immediately - lives are getting ruined as is the future for our children due to shameful and criminal banking practices, this is a national epidemic and needs resolution!
Howie Hughes AUSTRALIA
about 1 month ago
Like
6

I'm currently in the middle of a four year battle with Westpac regarding my home loan, and regardless of multiple examples of fraudulent and deceptive behavior and documentation I've provided its like I don't exist. Its the same scenario with FOS - my dispute was lodged well over 18 months ago and two case officers, one dispute analyst and a banking expert and they still try to send me in ever increasing circles whilst trying to cover the banks back through manipulating the Terms of Reference in totally bias and unethical way. I will not give in or walk away from this and I will bulldoze my own home on national tv before ever giving it to Westpac -the pack of liars and cheats.
shane pearce AUSTRALIA
about 1 month ago
Like
6

Its time for an independent banking ombudsman not one funded by the financial institutions themselves. ASIC has failed in its regulatory duties to protect consumers. The Banks must be stopped making unconscionable decisions where consumers are concerned.
Denise Brailey DOWERIN, AUSTRALIA
about 1 month ago
Like
6

Banks became the robbers of homes by targeting ARIPs asset rich and income poor. People who own modest home and on pension or low income. What type of people are these Bankers?
Karen Kennedy AUSTRALIA
about 1 month ago
Like
6

It's time for these banks to be accountable for all their years of theft
Chester Lochhead ADELAIDE, AUSTRALIA
about 1 month ago
Like
6

This is important to me because I mortgaged my home with West Point Mezzanine and ended up have to sell before I went bankrupt after Price-water House and Coopers put the company into Liquidation
David White BATHURST, AUSTRALIA
about 1 month ago
Like
6

Anz bank fraudulent lent money for our mortgage
Denise Brailey DOWERIN, AUSTRALIA
about 1 month ago
Like
6

We want re-regulation of the banks. How can we trust bankers to do the right thing?
Milton Wilde AUSTRALIA
30 days ago
Like
5

A Royal Commission with wide range terms of reference is needed to expose so many 1,000's of cases involving the fraudulent lending practices of not just the big four banks, but statistically more often by the smaller banks like the Bendigo Adelaide Bank and other non-bank lenders. The scope of the Royal Commission being sought must extend to Bendigo Adelaide Bank, non-bank lenders, mortgage managers and non-bank wholesale funders. The Bendigo Adelaide bank who have just been gifted the Rural Finance Corporation by the Victorian State Government, have already started revaluing assets to foreclose on rural mortgages in order to satisfy their 'Basel' based Claw Back provisions. Their unconscionable conduct including the saturation marketing of Reverse Mortgages, Homesafe Solutions 'Debt Free Equity Release' are all scams design to divest the aged members of our society of their only assets in a sneaky and underhanded manner, all the while protected by the fine print in their mortgage agreements which are weighted 100% against their unsuspecting customers/borrowers.

I propose that, due to the high number of victims whose lives have been gravely affected by smaller and non-bank lenders, the explanatory text describing the petition now be expanded to allow for the inclusion of the Bendigo Adelaide Bank , other varieties of banks and money lenders who have conveniently flown under the radar for far too long.

What happened to the State based legislative provisions and consumer protections provided in the old Money Lenders Acts which afforded protection to borrowers where ASIC, FOS and our Federal government do nothing and our legal system is totally bank biased.
Rob Ding AUSTRALIA
about 1 month ago
Like
5

Stop the fraud. Stop corruption. Put people before corporate greed profits.
Marc Sweeney STONYFORD, AUSTRALIA
about 1 month ago
Like
5

The deregulation of the banking industry has led to massive corruption, which has been supported in a majorly negative way for consumers by this LNP government and a Royal Commission is needed to rectify this unacceptable situation.
Fran Fairhead AUSTRALIA
about 1 month ago
Like
5

I am one of thousands who have been ill served by a financial planner and consequently a bank
John Holligan AUSTRALIA
about 1 month ago
Like
5

Bank fraud is not on we need a royal commission
Merleen ANDERSON AUSTRALIA
about 1 month ago
Like
5

To stop the banks from fraudulent practices and doctoring our applications
Dale McCahon AUSTRALIA
about 1 month ago
Like
5

It is a much needed exposure of Bank fraud and white collar crime the scourge of this country
Lynne Kreutzer ALSTONVILLE, AUSTRALIA
about 1 month ago
Like
5

Banks have been acting outside the law and the regulators are guilty of wilful blindness.
Laurell Miller AUSTRALIA
about 1 month ago
Like
5

Timbercorp Investor
Ken Grech AUSTRALIA
about 1 month ago
Like
5

Need to do something serious with corporate corruption please.
Hanuman Pandji MELBOURNE, AUSTRALIA
about 1 month ago
Like
5

Banks are undermining our economy through debt and fraud. Sign this petition if you think that they need to be held accountable!
Philip Soos MELBOURNE, AUSTRALIA
about 1 month ago
Like
5

Rampant control frauds pose a major threat to the efficient and equitable functioning of a banking and financial system. They must be stamped out.
stephanie flory AUSTRALIA
about 1 month ago
Like
5

my parents have 2 toxic low doc loans and the bank wants to reposses the house
lynette flory AUSTRALIA
about 1 month ago
Like
5

my husband and i have 2 toxic low doc loans and the bank wants to take possesion of our house
Gavin Cope AUSTRALIA
about 1 month ago
Like
5

Timbercorp - loans set up very poorly. Incorrect information on loan deeds and a raft of other issues with the misuse of funds.
Paul Flory AUSTRALIA
about 1 month ago
Like
5

i have 2 toxic low doc loans and the bank want to take possesion
Ray Catford AUSTRALIA
about 1 month ago
Like
5

To stop Fraud and collusion in the banks
Lester Marriage AUSTRALIA
about 1 month ago
Like
5

Westpac has repossessed our family home of 20 years, engaged in predetory lending and refuses to provide our LAF as it will expose fraud.

We were loaned millions, I was unemployed at the time.
John Donaldson AUSTRALIA
26 days ago
Like
4

Lost $200,000 through deliberate and planned fraud
George Davey AUSTRALIA
27 days ago
Like
4

Banks are the biggest robbers on this earth. They just do what they want & change the rules & "gold posts" to get their maximum profit and individual commissions and spare no thought to fairness. I had my Super invested with them & when doing switches and withdrawals they would publish false daily rates that did not reflect the market indices changes and would only benefit the banks profits and in turn the top executives profit based bonuses. David Murray was head of Com Bank at the time. I often wondered if the Bank generally employed Financial Planners who got their certificate qualifications after only 34 hours study. David Murray as head of this enquiry would be a big joke. It's like putting Dracula in charge of the blood bank. When I was convinced that the CBA was duding me, I quickly pulled out and gave my Super business to a more reputable organisation.
Denise Brailey DOWERIN, AUSTRALIA
27 days ago
Like
4

Investors and Borrowers alike expected there to be a secure financial system and an environment of trust and confidence in Australian Government and the Australian Banking and Finance Regulators. I have been watching the erosion of trust and lobbied for change for over 20 years as a volunteer. I am an educated woman and criminologist specializing in white collar crime. This without doubt is the biggest collective scam I have ever exposed. Australian Bankers are running a Cartel, thousands of consumer documents show why that is so. It is why there have been so many Parliamentary Inquiries into our Financial System and the current FSI in recent times. I have lobbied and contributed to 15 of those through hard lobbying. Bankers are also the CONTROL FRAUDS as described by Prof, Wm Black and again Philip Soos and Paul D Egan in their book Bubble Economics. Bankers are Control Frauds controlling all losses coming from Borrowers in 30 year "Interest Only" Sub Prime Loans and also Investors tricked into unsafe investments entangles in PROPERTY, BANKING, DEVELOPMENT and CONSTRUCTION. Moodys are worried. Bloombergs have sent out stories of warning signs. Retiree investors have been fleeced of life savings. This should have been cleared up years ago, but people's lives were being shatters and political backs were turned. The elephant is in the room and the pretense is no longer sustainable. Everyone affected by loss from the Control Frauds either by savings or home lost should by know understand they are part of a much bigger picture in organised white collar criminal activity. (see my own Submission to the FSI). Immediate action is necessary and the first step is for David Murray and the current Financial System Inquiry to recommend a Royal Commission into the entire sector so as to examine properly each component and we need a very Wide Terms of Reference if we are ever to get to the bottom of this mess. Banks are not too big to fail. If we try to use the moral hazard line...we have forfeited our dearly held beliefs and values and we want those back.
corinne coombs MANDURAH, AUSTRALIA
27 days ago
Like
4

As an ex mortgage broker I am disgusted. As a human being who now know banks make profit from money that doesn't exist I say it should all be shut down.
Naomi Halpern AUSTRALIA
about 1 month ago
Like
4

I am signing because I am the victim of financial fraud and crime by a financial advisor and enabling and complicit financial institutions and agribusiness. I have been financially ruined and the impact has affected all aspects of my life, financial, relationships, work, health and the future. A Royal Commission is essential to clean up the financial services industry and provide justice and restitution for victims.
Stan Frydenberg EAST MALVERN, AUSTRALIA
about 1 month ago
Like
4

My partner was lent more money than she could afford to easily repay, based purely on her available property assets. The Bank grossly overstated her Salary and her Rental Income, even though they were given Pay Slips, Rental Statements and a Tax Return. The Bank also gave her extra funds as a buffer in her offset accounts. Two new properties were purchased and two previously unencumbered properties were then cross collateralised under the loans. We spent 20 months with FOS, and even though we could prove that the bank had overstated income and understated debt levels as part of the applications, our case was thrown out as not being maladministration by the Bank. We are looking to sell the two most recently purchased properties, but that will leave us out of pocket by close to $500k and with debts on previously unencumbered properties. Instead of retiring, we are looking at another 10 years of work……and we are still waiting for the original of the Loan Application Forms, even FOS couldn’t get them.
Susan Henry AUSTRALIA
about 1 month ago
Like
4

It is not possible to be brief in any meaningful adequate sense. I am a victim of fraud of my former accountant / advisor who was known to ASIC well before he ruined me along with the CBA, BT, ANZ, Elders, Macquarie Bank etc. And various product issuers. What happened and the consequences is enormous sophisticated financial white collar crime. A Royal Commission to uncover the corruption, correct the consequences and safeguarding the nation is necessary.
CAROLYN DORWARD AUSTRALIA
about 1 month ago
Like
4

This has happened to me with BOQ as a Storm Financial Client. My income was increased on the loan application by the bank personal to allow me to be illegible to lend through them even though they had my correct income paperwork, and now I only own half my home. It is not fair that big corporations and be allowed to do these sort of things to anyone let alone older people and low income workers.
Mark Weir AUSTRALIA
about 1 month ago
Like
4

Every effort must be made to rein in an out of control Banking Industry and restore some social justice to the delivery of financial services to all Australians.
Merrilee Clark AUSTRALIA
about 1 month ago
Like
4

Ripped off by the banks via Storm Financial
KAren Oxley AUSTRALIA
about 1 month ago
Like
4

Dishonesty, fraud should be a concern for all people participating in a democratic system. The 4 big bank Oligopoliy MUST be made accountable and compensate their dishonesty
Gillian Kenway AUSTRALIA
about 1 month ago
Like
4

We have less than 60 days before eviction from our home. The Lo Doc loan application was fraudulently altered changing Brian' income from $25.000 per annum to $225.000 per annum. We also believe due to the loan only being Interest only. We wants the courts to put a 'stay' on all pending evictions till we have a Royal Commission
KAREN PERNER AUSTRALIA
about 1 month ago
Like
4

We have lodged our dispute with FSP through the Financial Ombudsman's office. We lodged that dispute in June 2013. Next morning (12 hours later) a representative of the FSP EDR department rang me passing himself off from FOS. Our case has been sitting with various staff of FOS trying to negotiate with FSP to allow our debt to be taken over by another Bank - NIL replies. Our debt has now risen (through Interest) $300k. I am concerned that there is a potential link between FOS & FSP and my case may not be fair. We stand to loose our home and business
Ruth Fontaine AUSTRALIA
about 1 month ago
Like
4

The Commomwealth Bank and Macquarie Banks both financially supported the dubious financial advice given by Storm Financial. We were destroyed financially, emotionally, and due to the stress it has affected our health, neither of us were able to work and my husband suffered a stroke brought on by the stress, and spent 4 years in a disabled state. When the CBA started putting pressure on us in March this year, my husband became very very stressed and suffered another stroke which was fatal. I am now a widow with a huge debt. We never got to enjoy our retirement. We should have been financially ok, instead the Australian banking system have destroyed us and thousands of others. Don't let them get away with this level of destruction. We need a Royal Commission and we need it now.
Dutchy Peron AUSTRALIA
about 1 month ago
Like
4

The big 4 banks have ripped us off in the Storm Financial saga.
Denise Brailey DOWERIN, AUSTRALIA
about 1 month ago
Like
4

Why have state police discovered the FACT 2008 that the internal banks system has at least 8 differing copies of the same Loan Application faxed/submitted by the brokers? Brokers were told to use the serviceability calculator and allow the banks internal computer to create a futuristic income telling them their lawyers had said the calculation was all above board. Meantime internal emails said: "pump up the volume". The Sellers believed in these evil products and purchased the mortgages themselves and now face ruin. The LAFs were doctored once again after being submitted! The evidence is compelling. We need Royal Commission. MPs ignoring this problem will face the music eventually.
Joy Prins AUSTRALIA
about 1 month ago
Like
4

Nab confiscated my house despite the fact they never provided LAF paperwork that was correct they lied on documentation and now put the house under the hammer they've got blood on their hands
Wayne Styles GOLD COAST, AUSTRALIA
about 1 month ago
Like
4

Because these Banks are now CRIMINAL organisations.
Mark Garner AUSTRALIA
about 1 month ago
Like
4

My mother is a victim of a scam by ANZ. They gave her 6 loans without ever verifying her income. They've even admitted that in writing and have stated that they don't have to verify income and that ASIC is OK with that.
Stephen Rose AUSTRALIA
about 1 month ago
Like
4

I want to see a proper examination of the way Banks have 'ripped off' the people of Australia
Kathy Huston THE LEAP, AUSTRALIA
about 1 month ago
Like
4

Concerned about banks taking retirees homes
Dario Pappalardo AUSTRALIA
about 1 month ago
Like
4

My family and I have been financially raped by the National Australia Bank 6 years ago . Banking employees need to spend time in jail , including board members, valuers, solicitors, receivers and any one that associates and contributes to the entrapment and the than subsequent take down of small to medium businesses. The Royal Commission is necessary , now.
Murray Vincent AUSTRALIA
about 1 month ago
Like
4

I had to sell our home to pay-out home-investment loans
Stephen Young AUSTRALIA
about 1 month ago
Like
4

I was duped into a financial product which was already failing, and my money was being used to prop up others investors schemes. I sure that makes it a ponzi scheme, but no one seems to care about me and the fact it has delayed my future of owning a home. The banks and government regulators dont care about hard working aussies. I will never trust another financial advisor or so called professional for advice again. This whole Timbercorp business is a disgrace.
Peter Spelta TOWNSVILLE, AUSTRALIA
about 1 month ago
Like
4

The Commonwealth Bank stole my home by using illegal forged documents and fraud and I would like it back and them to be all punished as the criminals they are, we NEED a Royal Commission into banking corruption NOW. Please help by signing this petition and sharing it with all your friends.
Gordon Meredith AUSTRALIA
about 1 month ago
Like
4

Storm Financial victim.
Gwynne Meredith AUSTRALIA
about 1 month ago
Like
4

Storm client
Luke Vogel AUSTRALIA
about 1 month ago
Like
4

CBA - fraud, malpractice and lawyering up to avoid the truth and avoid having a precedent set.
Lynette Murray AUSTRALIA
about 1 month ago
Like
4

I have to sell my house because of Storm Financial and the Banks
sidney watson KARRAGULLEN, AUSTRALIA
about 1 month ago
Like
4

My family of four children and myself and husband lost our family home of 30years and two investment propperties to proven bank fraud by the commonwealth bank and Suncorp bank. The broker seemed to submit out Loan application form with False declaration of income, buffer loans of $180,000 and stating that we had purchased a $50,000 boat and falsely stating that we took out the loan for a $100,000 holiday, NEITHER of these were known to us and we have never taken any holidays of any sort nor of that expense ever. A trip that we made in approximately 2002 was paid for by saving our money and making deposits. NO LOAN was ever taken out. But, what we have uncovered is that we as homeowners fighting for our homes, have discovered a culture of Lenders Insurance fraud, with the Lenders Mortgage Insurance which most banks take out on us. Genworth does not seem interested in this rort. Houses, excessively overvalued. No better than the Federal Reserve Banks Scamming racket with selling our Plastic note to countries inASia, which we have all been silenced to talk about! WE are not stupid we all know what is going on. The scam goes right to the top of the GOVernment and judiciary. I lost my home, my family and what has this government done for us? Nothing. I sent an email to Hon. Don Randel, I spoke to him at a meeting to ask for help, he wasn't the slightest bit interested in our plight of bank fraud nor in a friend whose bank, turned his loan into multiple loans and stole ALL THE DEPOSITS that he made. I found 4 loans which he had no idea of. When is anyone going to act. We demand DEMAND, DEMAND, a royal commission into the banking sector and DON'T TRUST WHAT THEY REPORT. THIS NEEDS TO BE INVESTIGATED BY THE INDEPENDENT FRAUD SQUAD, NOT THE BANK CEO's. they are ALL CORRUPT. ALL OF THEM.I have heard of a leaked email from the Conbank TO CHIEF JUSTICE FRENCH HIGH COURT AUST.SAYING THAT HE WANTED A RESULT QUICK. CHIEF JUSTCE FRENCH REPLIED, "DONE' mine was the only case before the high court involving COmmonwealth Bank the week of January - February 2013. I would need to get the exact date to give an exact account. This is serious TREASON and FRAUD in the Highest places. WE expect honesty from you Parliamentarians. you are the servant of the people. SERVE us.
William Miller AUSTRALIA
about 1 month ago
Like
4

Timbercorp invested who has been ripped off
Sebastian Carnemolla AUSTRALIA
about 1 month ago
Like
4

LOAN TRACK INFILTRADE HERE FROM FIRM SIMMONS LAWER THE OFFICE IS NEW YORK CITY THIS IS SOFTWARE WICK GO TO YOU PERSONAL BANK SETTAR LOOK ALL YOU INCOME & IF YOU ARE LOWER ON MONEY THE BROCKER NOCK TO YOUR DOR ASK IF YOU WANT LOAN RIFANANCE THIS HAPPEN TO ME ON 2004 TILL NOW ALL DESTROING ME ALL AUSTRALIAN FAMILY
DOUG HALLETT AUSTRALIA
about 1 month ago
Like
4

Because the big four have a monopoly.
charles baker PATTAYA, THAILAND
about 1 month ago
Like
4

I invested in Australia expecting a honest financial system, only to loose it all, I am one of the pensioners who was targeted.
Hifumi Robbie AUSTRALIA
about 1 month ago
Like
4

People before profit comes first
Robert Smith Novak AUSTRALIA
about 1 month ago
Like
4

We have lost everything because of the maladministration and fraudulent activities of the CBA bank its officers and staff.
Amanda Donoghue POTTSVILLE, AUSTRALIA
about 1 month ago
Like
4

The banks need to apply and demonstrate a duty of care to people and act in their best interests !
Denise Brailey DOWERIN, AUSTRALIA
about 1 month ago
Like
4

We cannot allow these Banksters to continue on and ruin the lives of the next two generations. They already have ruined things for First Home Buyers by blowing toxic bubbles into the property market.
sue Donohue MELBOURNE, AUSTRALIA
about 1 month ago
Like
4

Royal commission is URGENT. The banks, regulators and financial product sellers have hoodwinked the Australian public into products that do no more than swell the coffers of these agencies and keep the public poor. Its about power and control, big time.
Kaye Downer AUSTRALIA
about 1 month ago
Like
4

Justice for victims of bank fraud
Julie Wignall AUSTRALIA
about 1 month ago
Like
4

We have lost so much because of bullying and fraud from the Commonwealth Bank and its Manager!!!!!
Denise Brailey DOWERIN, AUSTRALIA
about 1 month ago
Like
4

I see over 1500 people suffering and know there are over 200,000 people with toxic loans
Una Robinson GLASS HOUSE MOUNTAINS, AUSTRALIA
about 1 month ago
Like
4

I lost all my income earning financial assets thanks to Banks.
Greg Wignall AUSTRALIA
about 1 month ago
Like
4

We have been defrauded by the CBA and ANZ Banks!!!!
Michael Downer AUSTRALIA
about 1 month ago
Like
4

Justice for victims of bank fraud
Thi Chau AUSTRALIA
about 1 month ago
Like
4

We are suffering from fraudulent bank loans.
Neil Toplis AUSTRALIA
about 1 month ago
Like
4

Victim of fraudulent lender practices.
sylvia blayse BRISBANE, AUSTRALIA
about 1 month ago
Like
4

I nearly lost my home due to fraudulent advice
Leonie Montgomery AUSTRALIA
about 1 month ago
Like
4

Stripping retirees of their hard earned life assets
Graham Thomas AUSTRALIA
about 1 month ago
Like
4

I am now facing the prospect of losing my home and business premises because the bank what's me to pay 20 percent interest on a credit card that was given to us with a loan that I should not have been given and was used to only pay the loan.
Carol Knight AUSTRALIA
about 1 month ago
Like
4

This has affected my daughter and her family. She has lost her house
Norm Hay AUSTRALIA
about 1 month ago
Like
4

We were caught up in the Westpoint debacle and lost a great deal of our Super money.
Andrew Davey AUSTRALIA
about 1 month ago
Like
4

The banks have committed fraud against many innocent customers over many years. A Royal Commision MUST happen so that the banking criminals are brought to justice and the innocent victims are rightfully compensated.
Simona Oprea AUSTRALIA
about 1 month ago
Like
4

Banks and financial institution should practice responsible lending. My gripe is with ANZ and their loose lending practices around 2008. Creating loans just to "invent" funds and rip off customers in the process should be illegal.
Graham Gilmore AUSTRALIA
11 days ago
Like
3

so many lost so much
Julie Butler AUSTRALIA
11 days ago
Like
3

As a pensioner I am very worried about the way the banking system is going in Australia. It is all designed to take money off those who can least afford it.
Jan Conaglen AUSTRALIA
11 days ago
Like
3

I am 70years and stand to lose my house because now I am on the age pension ( I lost all my superannuation and re mortgaged my home on a storm financial reps advice) I can no longer meet the ANZ repayments.
Jo K AUSTRALIA
11 days ago
Like
3

Mushroomed Senators have to dig through the bullpoo and the darkness before they'll see the biggest mess ever. It's bigger than Ben Hur!
JR Budod AUSTRALIA
11 days ago
Like
3

where is our foundations on ethics gone? i have kids and before I die money is what i do not want to remember me -instead principles and values
Ann D. AUSTRALIA
11 days ago
Like
3

Those who grew up as the Nazis and Stalinists came to power know too well what happens when greedy bankers go too far. In fact, the word 'greedy' is not strong enough to descfribe the financial rape and pillage. The mafia probably drool over the racket these banks have.
Daniel Herron SPAIN
12 days ago
Like
3

I am now homeless as I lost my home along with my savings and if it was not for a dear friend I don't know what would have happened

to me. Good luck, let's hope we all get our monies returned . keep up the good work ,and don't let the directors of LM get away with this scam .
Brian Fuller AUSTRALIA
12 days ago
Like
3

They are feathering their nest at our expense.
Adrian Coram AUSTRALIA
12 days ago
Like
3

Corruption and nefarious practices in all aspects of all types of banking has become one of the most important and urgent issues in the world today as it affects the livelihood of all people and the stability of the world economy with a tiny minority of corrupt self-serving bankers controlling the majority of the worlds wealth
Donald Forno AUSTRALIA
12 days ago
Like
3

Extreme need to pull all financal institution into tight control following the Storm collapse where my signature was forged to serve as an application request for additional borrowings and wasn't realised until too late when it was bought to my attention by ASIC investigators. At the end absolutely NOTHING was achieved.
Stephen Boothby PROSPECT, AUSTRALIA
12 days ago
Like
3

The banks create money as per Bank of England paper Money Creation in the modern economy. The banks stand to lose nothing out of the transaction yet claim your private property. This is contrary to both the common law and the Bills of Exchange Act 1909 where equal consideration is required. Equal consideration means both parties stand to lose the same.
Aaron Isherwood AUSTRALIA
14 days ago
Like
3

Banks need to be regulated! Full Glass-Steagall banking separation should be debated to protect the economy.
g williamson AUSTRALIA
14 days ago
Like
3

The ceos' outrageous bonuses depend on forgeries and frauds on shareholders too. If our politicians can't see what went on, maybe a RC will open their minds.
Frank Saez KINGS LANGLEY, AUSTRALIA
15 days ago
Like
3

The banking system is a total fraud.
F. Canavan AUSTRALIA
15 days ago
Like
3

Free Bernie Madoff, and jail the Aussie architect of the securitization ponzi scheme.
BRIAN COLE WITHAM, UNITED KINGDOM
16 days ago
Like
3

Investors need to be protected
ERIC PHILP AUSTRALIA
17 days ago
Like
3

SIX Years have passed since we were crushed by the GFC,Storm Financial and some of our Major Banks, several Millions of Dollars and many hours spent in the Courts.Many questions remain unanswered,many appear to have been swept under the Political Carpet , I support the Petition by the BFCSA (inc) 100%
Denise Brailey DOWERIN, AUSTRALIA
18 days ago
Like
3

83 Companies Collapsed and more on the way.......MPF, MFS, Storm, Provident, Banksia, Westpoint, Fincorp, Babcock, Prime Trust, Bridgecorp. To name a few. People suffering loss, including thousands in 12 other countries because they trusted the Australian Regulatory System. A Royal Commission is long overdue. All of the Control Fraudsters had University Educations..............think about it. The sellers were kept in the dark and given sales "spiels." ASIC sat back laughing. CBA chap just admitted he was trained to teach sellers the "pitch." See Page 6 sub 3 in Fawcett Inquiry. We will achieve our Royal Commission. The banking and finance industry is maggoted to the core, aided and abetted by a duplicitous regulator.
David cairns SPAIN
19 days ago
Like
3

because me and my wife ran our own business for 26 years and saved hard for our retirement, now these scum bags have stolen it all
Max Bolte LENNOX HEAD, AUSTRALIA
20 days ago
Like
3

The Australian banking system was stuffed the day the traitor politicians flogged our people's bank.
Jennifer Block WORONGARY, AUSTRALIA
20 days ago
Like
3

I believe this commission is well overdue into the most corrupt and morally unjust institution in Australia!
Barbara Armitage AUSTRALIA
20 days ago
Like
3

I have been defrauded in the sum of $435,000.00 by a financial institution. Whilst researched the lender and the broker I found other people who had also been defrauded in sums between $15,000 and $900,00. My matter went to COSL who did not deal with and it is now with the fraud squad.
Maria Altenhofen AUSTRALIA
21 days ago
Like
3

Because I am one victim of the banks fraudulemt actions.
Kenneth Kinghorne AUSTRALIA
21 days ago
Like
3

The banks must be brought to account.
Raquel Witjes AUSTRALIA
21 days ago
Like
3

just simple truth ..to know what is legal and illegal banking procedure such as bank lending..educate bank consumers..stop bank greed and fraud..punish bank corporate bosses down to small branch staff who willingly participated in bank's fraudulent acts for money reward..
Karen Winchester LITTLE MOUNTAIN, AUSTRALIA
21 days ago
Like
3

Banks and banking institutions have been getting away with too much for too long. They need to answer for the way they do business.
N&K Kyriacou AUSTRALIA
21 days ago
Like
3

They ruined economies and lives, and they'll do it again soon
Jason Yap AUSTRALIA
22 days ago
Like
3

I have been affected by the same issue. ASIC only slap the hand of the lender and ASIC says "we are not here to help you what we can only do is to prevent the same thing happening to other people" . i am still going through it with no end in sight and facing prospect of bankruptcy.
keith Mcintyre BRISBANE, AUSTRALIA
22 days ago
Like
3

corruption in banking and government must be exposed for the well being of our nation
Trypheyna McShane SYDNEY, AUSTRALIA
23 days ago
Like
3

This is vital to me because I am one of these Australians who have lost their home, their Super, their work and their dreams through this shockingly immoral, unethical and illegal behaviour. I also personally know of many others who are in the same position as us, also at or close to retirement age. It is absolutely true that 6 years ago we did own our own home, almost completely paid for, on the northern beaches of Sydney, and since then have had to live in a 16ft caravan, which thankfully we still own. The corrupt behaviour we have been on the receiving end of that has brought about this situation is unconscionable and so dangerous for this country. These are really good hard working people who are being dropped to their knees through outright greed and lack of moral integrity. It is time for this to stop - NOW – A Royal Commission will help prevent any more deliberate abuse of good Australian people, when the shocking reality of this massive scandal is finally exposed.
Ronald Robinson AUSTRALIA
25 days ago
Like
3

Storm financial debacle.
Evan Jones SYDNEY, AUSTRALIA
26 days ago
Like
3

The corruption amongst the private players is pervasive; the complicity amongst the regulators is comprehensive. The customers have had it with the hypocrisy.
Kerry Watts AUSTRALIA
26 days ago
Like
3

Because I have lost both my family home and another property due to low doc loan & incorrect information submitted on loan for approval.
Denise Brailey DOWERIN, AUSTRALIA
26 days ago
Like
3

Reverse Mortgages another big trap and 65,000 sold. More heartache from Banks delivered to Australian Citizens. Bank Profits at $30 billion? Ill-gotten gains from Profiteering, Racketeering all with ASIC's knowledge.

Money Money Money say the Bankers who receive average $40 million in exit bonuses, per Banker.
G G AUSTRALIA
26 days ago
Like
3

My facebook feed in 'huge' and I saw the ABC Lateline report last night - and its shocking. You should se the movie with Jeremy Irons and Demi Moore called Margin Call! Spread the youtube clips on facebook, I think, and wake people up.
Brian Cremona AUSTRALIA
27 days ago
Like
3

Low doc loans should have never been implemented, deceiving way of putting profits before people !!!
David Woods AUSTRALIA
27 days ago
Like
3

The Banks need to be reduced and put back in line.
Debra Engel BALWYN, AUSTRALIA
27 days ago
Like
3

it is immoral
Leanne Claire AUSTRALIA
27 days ago
Like
3

Stop the fraud!
ROGER SHOTTON WASHINGTON, DC
27 days ago
Like
3

I LOST A HUGE CHUNK OF MY LIFE SAVINGS WHICH SEVERELY AFFECTS MY RETIREMENT PLANS - AND I WOULD LIKE TO ENSURE OTHERS AVOID A SIMILAR FATE.
daniel delamere AUSTRALIA
28 days ago
Like
3

Family is affected
kirby summers AUSTRALIA
28 days ago
Like
3

Family is affected.
Kerry Budworth GOLD COAST, AUSTRALIA
28 days ago
Like
3

FRAUD STARTS BEFORE YOU EVEN SIGN ....the fraud lies within the criteria they have put in place....as to how much you earn, living expenses..etc....

my reason for signing....why when you don't fit their criteria, they say no to a loan you know if affordable, that you can manage, because you are already paying as much rent as what the repayments would be. Or you are already paying for a loan with much higher repayments.

NO to an affordable loan, but hey there is a loan you can have....Low Doc..now called an ALTERNATIVE DOCUMENTATION LOAN...and it's only twice the amount of interest and repayments...we can lend you the money for your home...just need your home as security...and for you to pay a Mortgage Risk Fee (this is instead of Lender Mortgage Insurance as this doesn't pay them when fraud is involved)

Of cause they know you will eventually default...but it's legal to sell your home....they don't loose.

The only risk is for the borrower to loose everything they have, every cent they had trying to keep up with the payment.

And this is Okay??? This is not fraud..extortion ...corruption ???

The Government changed the legislation to make a lot of this okay, ASIC, FOS, COSL all have rules and terms of reference as to Determination (no Resolution any more) COSL won't look at a case if there is any fraud involved and sends you off to FOS whose terms of reference are twisted to favour the Lender. They are all in breach of acting as advocates for their members.

The Government knowing, helping them....OF CAUSE THEY DON'T want a Royal Commission.

MAYBE we need a Royal Commission into the GOVERNMENT FIRST!!!
John Telford AUSTRALIA
28 days ago
Like
3

ASIC can not be trusted.
Carla Andrews MAROUBRA, AUSTRALIA
28 days ago
Like
3

Principles
Nerrida Pohl AUSTRALIA
28 days ago
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3

I am a victim of a NAB mobile broker approving a loan of 500,000 when I was in the middle of a divorce and my personal assets were unknown. I am 65 and he wrote that I am smart enough to pay off the principle at 75. I am u employed and the NAB took my tiny studio home that was unmortgaged as security this year. The Family Court need the matter dealt with but NAB just referred the matter to the Financial Ombudsman. I am stuck in their queue. This caused me to have a nervous breakdown a few months ago and I was hospitalised for 6 weeks. There is no mention of my marital situation or of any mortgages in the family estate on the documents my local branch showed me a month ago. I have never seen this loan application. It even says I was living at my old family home that my ex-husband occupies. I have never read or signed this.
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No FBI-esque Agency in Australia 1 day 7 hours ago #4017

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