Online Loans Help Families Meet Immediate Credit Needs

A recent piece by Ed Mierzwinski of the U.S. Public Interest Research Group [“Regulators Play ‘Whack-a-Mole’ With Predatory Lenders,” August 13] vilifying the short-term, online lending industry as “predatory” grossly misrepresented...

Tribal Online Lenders Ask Banks to Resist Regulatory Pressure

An association of online lenders operated by Native American tribes called on banks to resist pressure from New York State to cut them off from the nation’s primary payment system. The Native American Financial Services Association said the state’s regulators are...

Indian Tribes to Banks: Ignore That Man Behind the Curtain

Indian tribes are urging banks to ignore attempts by New York’s top banking regulator to stop processing transactions for online lenders whose loans allegedly violate state interest-rate caps. The Native American Financial Services Association, a group that represents...

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