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...
Letters to the Editor The New York Times 620 Eighth Avenue New York, NY 10018 Re: A response to your editorial on payday lending. My name is Tim Ranney and I am the president of Clarity Services, a leading credit bureau in the non-prime credit services industry. I...
In Washington, debate is de rigeur, but the so-called budget sequester has garnered a rare D.C. consensus: near-universal disdain. The program, originally a failsafe against congressional inaction, was never intended to take effect. Now, though, it’s the law of the...
