WASHINGTON, DC (May 28, 2014) –The Native American Financial Services Association (NAFSA) is pleased to welcome VP Compliance Services (VPCS) into its membership. VPCS provides compliance services that establish the proper risk controls and monitoring that will assist tribal leaders in taking their industry-leading compliance abilities to the next level.
Barry Brandon, Executive Director of NAFSA stated, “We are thrilled to have VPCS as a NAFSA member and bring their expertise to bear on to help our tribes take the next step of strengthening their compliance systems, training tribal compliance professionals, and helping to ensure that tribal lending operations continue to lead the industry.”
“VPCS has a deep background in providing structure and compliance to tribes and sovereign nations, and we are pleased to be able to bring our experience to assist tribal NAFSA members with compliance,” said Rick Wittwer, Founder of VPCS. “At VPCS, we have more than ten decades of industry experience that will inform our creation and implementation of Lending Program policies and procedures that keep tribal and federal regulatory compliance in mind.”
VPCS’ Lender Compliance Practice is designed to integrate a compliant operations management system within the Sovereign Nation lending community. With more than ten decades of industry experience, VPCS can offer tribes independent evaluations which protect against invalid assumptions and biases, customized reports that provide unique views of programs and identify areas at risk, and Lending Program policies and procedures with tribal and federal regulatory compliance in mind.
The Native American Financial Services Association (NAFSA) formed in 2012 to advocate for Native American sovereign rights and enable tribes to offer responsible online lending products. Through the protection of consumer rights and sovereign immunity, NAFSA provides vital services to tribally operated lenders serving the under-banked with better short term financial services, furthering economic development opportunities in Indian Country.
About VP Compliance Services
VP Compliance Services (VPCS) is a leading provider of compliance and operational services to the tribal lending industry. Our service offerings support a broad spectrum of credit-related financial services including federal regulatory compliance, program operations, tribal lender audit programs, tribal lender risk assessments, compliance training, and temporary staffing of compliance personnel.