The Latest Financial News
The Senate Banking Committee, one of the most coveted committees in Congress, has gained two new Democratic members, Senator-elect Kyrsten Sinema (D-AZ) and Senator Tina Smith (D-MN). They will replace Senators Joe Donnelly (D-IN) and Heidi Heitkamp...
The Consumer Financial Protection Bureau (CFPB) released its annual Fair Lending Report last week, which covers the agency’s efforts to “fulfill its fair lending mandate” during the 2017 calendar year. Thus, most of the report covers the actions that were...
On her first day as head of the Consumer Financial Protection Bureau (CFPB), Kathy Kraninger held a press conference where she announced a three-month listening tour with the agency’s stakeholders, which would include federal and state regulators and...
Our Digital Financial Literacy Program
Too many consumers mismanage their budgets, make poor investment decisions, and fail to properly plan for the future. NAFSA is committed to empowering people with the skills they need to change this trend and thrive financially. NAFSA’s Financial Literacy Program offers an assortment of digital modules covering a wide variety of financial topics, including building emergency savings, mortgage education, and retirement planning.
Tribal Online Lending Best Practices
NAFSA has developed Best Practices for the exclusive use of all NAFSA Members as it relates to their Tribal Online Lending businesses. We believe these Best Practices will help ensure consumer protection, quality service, and positive customer and industry interactions during the life of the loans made by tribal lending entities who are NAFSA members. Our Best Practices apply to all stages of the loan, including marketing, origination, servicing, collecting, and ongoing data privacy.
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.
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
To advocate for tribal sovereignty, promote responsible financial services, and provide better economic opportunity in Indian Country for the benefit of tribal communities.