NAFSA advocates for Tribal Financial Services on Capitol Hill
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...
NAFSA is the Presenting Sponsor at NCAIED’s 2017 National Reservation Economic Summit (RES)
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...
Trump Signs Executive Order Creating Task Force to Report on Regulatory Burdens
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...
Rep. Hensarling Continues Offensive on “Rogue” CFPB
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....
Despite Economic Recovery, Millennials Slow to Adopt Credit Cards
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...
OCC Adds Marketplace Lenders to 3rd Party Risk Management Rule
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...
FinTech Investment by Venture Capital Down in Q3 2016, But Trending Up
*Source: The Pulse of Fintech, Q3 2016, Global Analysis of Fintech Venture Funding, KPMG International and CB Insights (data provided by CB Insights) November 16th, 2016. A recent quarterly report by international auditing firm KPMG signals a positive trend in venture...
CFPB: Potential Rule Allows Alternative Data Sources to Score Credit
The CFPB is currently requesting feedback on the potential and risks of using alternative data sources to determine credit scores for financial products. Alternative data sources include rent payments, utility and cell phone bills and other non-traditional credit...
