The Latest Financial News
CFPB Attempts to Lay Off 90% of Staff, Although Judge Temporarily Halts Efforts For Now
Last week, multiple outlets reported that the Consumer Financial Protection Bureau (CFPB) was planning to cut roughly 1,500 employees—or 90 percent of its staff—leaving only approximately 200 staffers in place. The following day, the attempt was temporarily halted by...
CFPB Drops Enforcement of Nonbank Registry
Last week, the Consumer Financial Protection Bureau (CFPB) announced that it will not prioritize enforcement of a regulation creating a registry for nonbank financial companies that have broken consumer laws and have been subject to government or court orders. The...
CFPB Scraps Credit Card Late Fee Rule
The Consumer Financial Protection Bureau (CFPB) has chosen to abandon its rule imposing an $8 limit on credit card late fees, according to a consent judgment motion filed this week. The agency and other industry groups like the American Bankers Association agreed that...
Why NAFSA?
There are more than 570 federally-recognized tribes in the United States, many of whom are spread across in diverse areas. This has left a need for other tribal economic development opportunities to create sustainability and jobs on Native American reservations.
Tribal Financial Services:
Create jobs & economic development on tribal lands
Increase the financial independence of tribes
Deploy sovereignty & bolster tribal self-determination
The Impact of Tribal Financial Services
Coming from a history of staggering unemployment rates, limited opportunities, and lack of access to fundamental resources, Native American tribes began online lending businesses to create real change for the future. Internet commerce has been a vehicle for supporting economic growth, tribal services, and tribal development. These are their stories.
Our Mission
To advocate for tribal sovereignty, promote responsible financial services, and provide better economic opportunity in Indian Country for the benefit of tribal communities.
To protect and preserve the sovereignty of Native American tribes while offering an unprecedented opportunity for tribal economic growth
Growing opportunity for Indian Country in the financial services industry
Advancing financial literacy in tribal communities
