WASHINGTON (October 1, 2013) — After the Hon. Richard J. Sullivan of the U.S. District Court, Southern District ofNew York denied a preliminary injunction in The Otoe-Missouria Tribe of Indians, et al. v. New York State Department of Financial Services, et...
WASHINGTON (September 30, 2013) — NAFSA’s tribal members appreciate the FDIC’s recent guidance to banks and processors which codifies the legality of doing business with online lenders. The Native American Financial Services Association (NAFSA) looks...
WASHINGTON, Sept. 17, 2013 /PRNewswire-USNewswire/ — As state and federal authorities across the country overstep their legal boundaries and infringe on Native Americans’ status as sovereign entities, tribes are speaking up in support of their rights,...
WASHINGTON (August 30, 2013) — Following the publication of the Office of the Comptroller of the Currency’s (OCC) August 2013 Community Development Investments e-zine, entitled “Extending Credit in Indian Country,” The Native American Financial...
WASHINGTON, DC (August 26, 2013) – In a new development in Otoe-Missouria Tribe, et al. v. N.Y. State Department of Financial Services, et al., where two federally-recognized Native American tribes are suing the Department and its Superintendent Benjamin Lawsky to...
Despite a clear precedent in last year’s victory by tribal lenders against Colorado regulators, New York state authorities are mounting yet another attempt to erode tribal sovereign rights to operate businesses without state interference. New York’s banking czar,...
Two American Indian Tribes said they sued New York state’s financial regulatory agency and its head over his crackdown on businesses that do lending over the Internet, some of which are tribally-owned. A lawsuit seeking a court order against Benjamin Lawsky,...
WASHINGTON (August 21, 2013) — After recent actions by New York Department of Financial Services (DFS) Administrator Benjamin Lawsky to unlawfully intimidate Native American tribes and the legal and licensed businesses they run, a coalition of Tribes has filed a...
A recent piece by Ed Mierzwinski of the U.S. Public Interest Research Group [“Regulators Play ‘Whack-a-Mole’ With Predatory Lenders,” August 13] vilifying the short-term, online lending industry as “predatory” grossly misrepresented...
An association of online lenders operated by Native American tribes called on banks to resist pressure from New York State to cut them off from the nation’s primary payment system. The Native American Financial Services Association said the state’s regulators are...
