Tribal Online Lenders Ask Banks to Resist Regulatory Pressure

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 to Banks: Ignore That Man Behind the Curtain

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...

Indian Tribes Oppose New York Order on Online Lenders

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...

Letter to the NYT Editor: Native American Initiative

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...

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