A Digital Financial Literacy Program
Too many consumers mismanage their budgets, make uninformed 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 Latest Financial News
ABA and CUNA Issue Statements Advising Legislators That Interest Rate Caps Could Harm Consumers and Reduce Offerings
Recently, the American Bankers Association (ABA) and the Credit Union National Association (CUNA) issued statements warning lawmakers of the potential drawbacks to imposing rate caps on consumer credit products. Both agencies stressed that overly protective...
The Consumer Financial Protection Bureau (CFPB) recently issued a statement clearing up how the Bureau plans to tackle the Dodd-Frank Act’s “abusiveness” standard as it undertakes its supervision and enforcement authorities. The Dodd-Frank Act is the first federal law...
Kabbage, the online lending company that provides lines of credit to small businesses, recently announced that it will start offering short-term loans with a repayment period of only three days. Beforehand, the lender offered loans with terms of six, twelve, or...