Our Resources
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
Hyperlinks Do Not Count as Debt Disclosures under FDCPA
The Seventh Circuit Court of Appeals recently ruled that a debt collector violated the Fair Debt Collections Practices Act (FDCPA) when it informed a consumer about her debt obligations via an email that did not “imply the existence of a debt.”In 2015, Med-1, a debt...
Alternative Data Has Upside Says Federal Regulator
Earlier this week, the Consumer Financial Protection Bureau (CFPB) announced the results of its No-Action Letter given to fintech company Upstart Network in late 2017. With the no-action policy, Upstart was able to show that alternative data can substantially increase...
Texas Court Continues Stay of Small-Dollar Rule’s Compliance Date
Earlier this week, Judge Lee Yeakel from the District Court for the Western District of Texas continued his “stay” of the compliance date for both the payment provisions and the mandatory underwriting provisions of the Small-Dollar Rule (“the Rule”).Judge Yeakel also...