The Latest Financial News
Fed Study Finds that Americans Used Most of Their Stimulus Checks for Saving and Paying Off Debt
A recent study published by the Federal Reserve Bank of New York (Fed) found that the CARES Act’s economic relief payments in March were primarily used to boost Americans’ savings and to pay off debt. About 36 percent of the payments households received were saved,...
Lending Club Announces Retirement of P2P Lending Platform
LendingClub, an online marketplace for borrowers to access loans funded by consumer investors in amounts as low as $25, recently announced that its peer-to-peer (P2P) lending platform will be completely shut down by the end of the year. The P2P lending model has not...
Americans Continue Cutting Credit Card Balances in August, Fed Reports
The Federal Reserve (Fed) reported last week that Americans cut credit card balances again in August for the sixth month in a row. Despite the predicted increase in credit card spending, revolving debt declined by $9.4 billion in August, leaving it at the lowest...
Featured Resources
Our Digital Financial Literacy Program
Too many consumers mismanage their budgets, make poor investment decisions, and fail to properly plan for the future. NAFSA is committed to empowering people with the skills they need to change this trend and thrive financially. NAFSA’s Financial Literacy Program offers an assortment of digital modules covering a wide variety of financial topics, including building emergency savings, mortgage education, and retirement planning.
Tribal Online Lending Best Practices
NAFSA has developed Best Practices for the exclusive use of all NAFSA Members as it relates to their Tribal Online Lending businesses. We believe these Best Practices will help ensure consumer protection, quality service, and positive customer and industry interactions during the life of the loans made by tribal lending entities who are NAFSA members. Our Best Practices apply to all stages of the loan, including marketing, origination, servicing, collecting, and ongoing data privacy.
The Impact of Tribal Financial Services
Coming from a history of staggering unemployment rates, limited opportunities, and lack of access to fundamental resources, Native American tribes began online lending businesses to create real change for the future. Internet commerce has been a vehicle for supporting economic growth, tribal services, and tribal development. These are their stories.
Why NAFSA?
There are more than 570 federally-recognized tribes in the United States, many of whom are spread across in diverse areas. This has left a need for other tribal economic development opportunities to create sustainability and jobs on Native American reservations.
Tribal Financial Services:
Create jobs & economic development on tribal lands
Increase the financial independence of tribes
Deploy sovereignty & bolster tribal self-determination
Our Mission
To advocate for tribal sovereignty, promote responsible financial services, and provide better economic opportunity in Indian Country for the benefit of tribal communities.
To protect and preserve the sovereignty of Native American tribes while offering an unprecedented opportunity for tribal economic growth
Growing opportunity for Indian Country in the financial services industry
Advancing financial literacy in tribal communities
