Indian tribes are urging banks to ignore attempts by New York’s top banking regulator to stop processing transactions for online lenders whose loans allegedly violate state interest-rate caps. The Native American Financial Services Association, a group that represents...
WASHINGTON (August 12, 2013) — Following a move by New York Attorney General Eric Schneiderman to file suit against Western Sky Loans – an online lender which does not operate under tribal law or abide by tribal regulatory bodies and is not wholly-owned by a...
Native American tribes are asking New York State’s top banking regulator to leave their payday loan businesses alone. Regulator Ben Lawsky sent cease-and-desist letters last week to 35 lenders and 112 banks providing or facilitating short-term, high-interest payday...
Indian tribes are refusing to comply with a New York financial regulator’s attempt to shut down their online-lending operations, arguing the state has no authority and is trying to block legal businesses. Tribes that make loans over the Internet are planning to...
WASHINGTON (August 12, 2013) — Executive Director of Native American Financial Services Association (NAFSA) Decries Intimidation Tactics against Legal Businesses- Fighting back against last week’s attempt to shutter legal online lending enterprises...
WASHINGTON–Following the release of a letter targeting banks, debt collectors, and the National Automated Clearing House Association (NACHA) from the New York State Department of Financial Services, Barry Brandon, Executive Director of the Native American...
To the Editor of The New York Times: “Pain on the Reservation” (Business Day, July 13), highlighting the problems facing Indian country and the difficulty of solving them, correctly notes that many tribes cannot operate profitable casinos because they are not close to...
WASHINGTON (July 17, 2013) — Following Tuesday’s Senate vote to confirm Richard Cordray as Director of the Consumer Financial Protection Bureau (CFPB), Barry Brandon, Executive Director of the Native American Financial Services Association (NAFSA) issued...
North Dakota Lawmaker was Dedicated Advocate for Indian Issues during Congressional Service, Continues to Promote Solutions for Native Americans WASHINGTON (July 15, 2013)– In a recent New York Times column entitled “Broken Promises,” former U.S....
Urges Consumer Financial Protection Bureau to Follow President’s Lead, Include Indian Nations, Tribes in Process WASHINGTON, DC (June 28, 2013) – The Native American Financial Services Association (NAFSA) today applauded President Obama for creating the White House...
