The Consumer Financial Protection Bureau (CFPB) announced last week that it intends to improve all areas of the credit reporting process. Since its inception in 2010, the CFPB has received nearly 200,000 complaints related to credit reporting. The agency noted its...
House Resolution 1009 passed the U.S. House of Representatives on Friday, March 3rd, by a vote of 241-184 to require the Consumer Financial Protection Bureau (CFPB) and the National Credit Union Administration (NCUA) to submit all rules to the Office of Management of...
The U.S. Census Bureau reported in 2014 that the financial services sector of e-commerce totaled more than $14 trillion. Tribal lending enterprises (TLEs) are estimated to contribute $2 billion annually to e-commerce in the United States. While only amounting to a...
Earlier this morning the U.S. Senate confirmed Rep. Ryan Zinke (R- MT) as the 52nd U.S. Secretary of the Interior. Secretary Zinke will oversee a diverse collection of federal agencies including the National Park Service, Minerals Management Service, Bureau of...
Gary Davis meets with Senator Steve Daines (R-MT) on February 28, 2017. Executive Director Gary Davis meets with Congressional members to build awareness and present the facts on Tribal Financial Services This week, Native American Financial Services Association’s...
The Native American Financial Services Association is proud to announce that it will be the presenting sponsor for the NCAIED’s National Reservation Economic Summit, commonly known as “National RES.” National RES is the longest running and most well attended Indian...
Early on Friday, February 24th, President Trump issued an executive order instructing federal agencies to create task forces to review regulations and recommend changes to modify or eliminate rules he believes are “crushing our economy.” The executive order continues...
On February 24th, Rep. Jeb. Hensarling (R- TX) spoke with NPR about his ongoing battle with the Consumer Financial Protection Bureau (CFPB). He argued that bank consumers must be protected not only from Wall Street, but also Washington’s over regulation. Rep....
According to a study conducted last year and recently released by Princeton Survey Research Associates International, only 33% of young American adults between the ages of 18 and 29 possess a credit card. Reasons for not owning a credit card included previous personal...
Late last month the U.S. Department of the Treasury’s Office of the Comptroller of the Currency (OCC) issued a bulletin updating risk management procedures for financial institutions working with 3rd parties by adding marketplace lenders. “Marketplace lender” is...
