NAFSA Commends FDIC for Step Forward on Reversing Damage of Operation Choke Point
New FDIC Guidance Sent to Banks Will Help Promote Innovation and Economic Development in Indian Country and Preserve Consumer Access to Credit WASHINGTON, DC (November 19, 2015) – The Native American Financial Services Association (NAFSA) today commended the Federal...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...NAFSA Praises President Obama’s Statements Promoting Sustainable Tribal Economic Development
President Endorses Focus on Giving Tribes the Tools to Generate Jobs and Economic Development on Their Own Terms WASHINGTON, DC (November 9, 2015) – The Native American Financial Services Association (NAFSA) today applauded President Barack Obama’s remarks at the...FOX News Oped: What Can Entrepreneurs Learn from Native American Tribes? Everything.
When you consider where American technology innovation is happening in the United States, places like Silicon Valley or big cities on the east and west coasts might come to mind. As a fintech entrepreneur providing services to online lenders, my experience has found...MarketWatch: Payday Lenders Get Rare Defense as New York Fed Takes on Critics
WASHINGTON (MarketWatch) — The payday lending industry got a rare showing of regulator support on Monday as the New York Fed took on its critics. Payday lenders have seen a great deal of criticism for their practices. President Barack Obama has said the industry traps...NAFSA Releases Response to Treasury Department Information Request on Online Lending
Native American Financial Services Association provides Treasury with critical information about lending products offered by Tribal Governments WASHINGTON, DC (October 1, 2015) – The Native American Financial Services Association (NAFSA) today announced the release of...Rep Hastings Washington Times Oped: Why Payday Loans Are in Consumers’ Best Interests
It is difficult for many of us to imagine having to choose between paying the rent on time or purchasing our sick child’s prescription medicine. But for many Americans who live paycheck to paycheck, circumstances like these are an all-too-familiar reality. For these...