“Language fraud” is the manipulation or distortion of language in legal or contractual communication in a deceptive manner. It often misleads or deceives parties into an unfair agreement or contract. Check out your mortgage contract! The fraud arises through manipulation… Continue Reading →
Banking on nothing to hide, while making a legitimate claim regarding an alleged outstanding debt… Why might the bank be unwilling to supply audited accounts or fail to respond to requests for evidence? At first glance, one might assume that… Continue Reading →
Is ASIC victim of regulatory capture, a situation in which a regulatory body becomes influenced or dominated by the industries it regulates? In recent years, criticisms of ASIC (Australian Securities and Investments Commission) suggest that it’s too lenient with big… Continue Reading →
Regulatory capture occurs when regulatory agencies become controlled by the industries they oversee. When the industry or group influence or control the agency it’s supposed to be regulating, this impacts consumers. Often this happens when industry representatives or lobbyists are… Continue Reading →
Interest being mortgaged on a mortgage document the bank files with the Land Registry Office in Queensland raises some questions. We’re not lawyers, and none of this is legal advice. Do your own research… Firstly, there’s no “street address”, only… Continue Reading →
Mortgage stress describes a situation where a significant proportion of a household’s income is spent on mortgage repayments, causing financial difficulties and strain. While there’s no universal definition, mortgage stress typically occurs when a household spends 30% or more of… Continue Reading →
There’s no accounting for mortgage figures by the banks… Try asking for audited accounts to prove the amount they’re demanding is correct. You’ll be lucky if they answer. You may be suffering mortgage stress for no reason. The bank may… Continue Reading →
Farmers buy seed to plant, to make a potential gain at harvest time. To do this, farmers exchange money for seed. Next these farmers plant seeds, nurtures crop – and just before harvest, a big storms sweeps through and destroys… Continue Reading →
Banks don’t talk? The bank staff don’t answer letters? Their advertised material states that if there’s a discrepancy on the bank statement, to contact them… But they don’t reply… Certainly not what you expect from a bank. Dealing with them,… Continue Reading →
Education in money creation starts with a shift in thinking. In modern banking, banks have the ability to create money by extending loans, through a process called fractional reserve banking. None of this is financial advice – do your own… Continue Reading →
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