The Latest on Fintechs and the Office of the Comptroller of the Currency
Washington, DC January 13, 2017 – The Office of the Comptroller of the Currency (“OCC”) signaled that it is advancing on its proposal to explore the issuance of limited-purpose bank charters to financial technology (“fintech”) firms engaged in banking. On...
Court Ruling Reinforces Viability of Tribal Lending
WASHINGTON, D.C. (November 7, 2016) On November 3, 2016, The U.S. District Court for the Western District of Oklahoma dismissed a lawsuit brought against an economic arm of the Otoe-Missouria Tribe of Oklahoma, in a significant ruling validating tribal sovereignty and...
Gary ‘Litefoot’ Davis Named Executive Director of Native American Financial Services Association
WASHINGTON, D.C. (September 28, 2016) Gary “Litefoot” Davis, an enrolled member of the Cherokee Nation of Oklahoma, has been named the new Executive Director of the Native American Financial Services Association (NAFSA). “The appointment of Gary Davis will be...
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
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...
Don Marlais Joins NAFSA as Assistant Executive Director and General Counsel
Marlais to manage day-to-day NAFSA operations, strategic communications and legal issues WASHINGTON, DC (February 10, 2016) – The Native American Financial Services Association (NAFSA) today announced the addition of Don Marlais as Assistant Executive Director and...
PR Newswire: Lac Vieux Desert Band of Lake Superior Chippewa Indians Bolsters Tribal Economic Development Portfolio with Purchase of Bellicose Capital, LLC
Historic Acquisition Strengthens Tribe’s Economic Self-Sufficiency in a Landmark Deal for Indian Country WATERSMEET, Mich., Jan. 27, 2016 /PRNewswire/ — In a major deal that will bring millions of dollars in economic development to the Lac Vieux Desert... Indian Country Film “An Unlikely Solution” Wins Big at Hollywood International Independent Documentary Film Awards
Documentary About Tribal E-Commerce Named a Winner for Documentary Feature, Narration, Editing, and Music Score. Washington, DC (January 14, 2016) – The Native American Financial Services Association (NAFSA) today applauded the naming of An Unlikely Solution as a... 