Beyond Simple Self-Governance: How NAFSA Helps Safeguard Tribal Sovereignty
Nathaniel Brown, a delegate of the Navajo Nation Council, participated in a hearing on the Tribal Labor Sovereignty Act with the House Subcommittee on Health, Employment, Labor, and Pensions on March 29th. Councilman Brown answered many questions on tribal employment...
NAFSA Comments on True Lender Issue in Bloomberg BNA
Bloomberg BNA recently looked into the current state of “true lender” litigation. These issues do not directly impact NAFSA because our members are structured in a way in which the lending enterprise that originated the loan is also the entity that services the loan....
NAFSA Continues Engagement with Federal Officials
Meetings include the White House, CFPB, and Congressional Members This week, Native American Financial Services Association (NAFSA) members came together to continue the dialog for the tribal online lending industry meeting with White House officials, the Consumer...
Hensarling Still Confident of Dodd-Frank Overhaul
Following a contentious committee hearing on the constitutionality of the Consumer Financial Protection Bureau (CFPB), Rep. Jeb Hensarling (R- TX), Chairman of the House Financial Service Committee, remains convinced that the CFPB’s parent legislation, the Dodd-Frank...
Informing the Misinformed: the Regulatory Sophistication of Tribal Online Lending
Industry leaders in e-commerce and online payments gathered last week at Harvard University for Innovation Project 2017. Innovation Project, a two-day conference created by the web publication PYMNTS.com, brings executives and innovators in banking, lending, shopping,...
Gorsuch Answers Questions on Tribal Issues Record During Confirmation Hearing
Neil Gorsuch, nominee to the U.S. Supreme Court, fielded questions on the second day of his confirmation hearing from the Senate on March 22nd about his record on Native American issues as a judge on the Tenth Circuit Court. The Tenth Circuit includes states with a...
U.S. Dept. of Justice Supports Restructuring of CFPB in Brief to Federal Court
On March 17th, the U.S. Department of Justice filed an amicus brief with the U.S. Circuit Court in Washington, D.C. regarding the continued dispute over the constitutionality of the Consumer Financial Protection Bureau’s single independent director structure in PHH v.... New York Ups Regulation of FinTech, Disputes Need for Federal Charters
A recent budget proposal by New York Governor Andrew Cuomo includes increased funding to help the NY Dept. of Financial Services (NYDFS) expand licensing requirements to FinTech lenders. FinTech lending companies were previously exempt from state usury licenses. The...
