Statement: NAFSA Comments on Proposed CFPB Lending Rule

Statement: NAFSA Comments on Proposed CFPB Lending Rule

WASHINGTON, DC (June 2, 2016) – Following the release of a notice of proposed rulemaking by the Consumer Financial Protection Bureau (CFPB) covering certain consumer lending products, Barry Brandon, Executive Director of the Native American Financial Services...
CFPB Lending Tussle Echoes Early Days Of Tribal Gambling

CFPB Lending Tussle Echoes Early Days Of Tribal Gambling

The Consumer Financial Protection Bureau’s plan to regulate tribal lenders and other providers of short-term, often-high-interest loans comes at a sensitive stage for tribes’ involvement in the industry, as their efforts to kick-start lending businesses under the wary...

American Banker: Don’t Lump In Installment Loans with Payday

In response to a recent op-ed on this blog defending payday loans, Rep. Linda Sánchez, D-Calif., countered that payday lenders create “debt traps” by forcing borrowers to take out additional loans to repay escalating interest on their original loan. I...

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