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
More Higher Earners Report Living Paycheck to Paycheck
A new survey by PYMNTS.com and LendingClub found that 64 percent of American consumers were living paycheck to paycheck at the end of 2022, which is 3 percent higher than in 2021 and an increase of 9.3 million Americans. Most of the additions to that category were...
CFPB Releases Proposal Slashing Credit Card Late Fees
The Consumer Financial Protection Bureau (CFPB) recently issued a proposed rule that it says will rein in excessive credit card late fees that cost Americans nearly $12 billion every year. The Bureau alleges that many big credit card issuers profit off of late fees...
Recent Study Finds Illinois Rate Cap Reduced Access to Credit
A recent study found that the 36 percent interest rate cap on consumer loans imposed by the 2021 Illinois Predatory Loan Prevention Act (PLPA) decreased the availability of small-dollar credit and worsened the financial welfare of many consumers. The PLPA imposed the...