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...
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...
