WHO IS NAFSA?

NAFSA is a national trade association formed to advocate for tribal sovereignty, promote responsible financial services, and provide better economic opportunity in Indian Country for the benefit of tribal communities.

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NEWS and Updates

Get caught up on all the latest news regarding our industry.

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The Native American Financial Services Association represents the interests of Native American owned financial services providers

Protecting Native American sovereign rights and creating economic opportunities in Indian Country. We are NAFSA.

 By working together, we can provide much-needed economic opportunity and development to Indian Country for the benefit of our tribal communities.

The Key Missions Of NAFSA Include:

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

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Advancing Financial Literacy in Tribal Communities

Increasing Career Opportunities for Native Americans in the Financial Services Industry

NAFSA NEWS & UPDATES

American Banker: Don’t Lump In Installment Loans with Payday

In response to a recent op-ed on this blog defending payday loans, Rep. Linda Sánchez, D-Calif., countered that payday lenders create “debt traps” by forcing borrowers to take out additional loans to repay escalating interest on their original loan. I agree that this is a terrible cycle of debt for those who can least afford it.

However, Sanchez is inaccurate and misinformed when she lumps the traditional installment loan industry together with the payday loan industry. There are significant differences.

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FOX News Oped: What Can Entrepreneurs Learn from Native American Tribes? Everything.

When you consider where American technology innovation is happening in the United States, places like Silicon Valley or big cities on the east and west coasts might come to mind. As a fintech entrepreneur providing services to online lenders, my experience has found a thriving business community in places you might not think to look: American Indian Reservations.

Many American Indian tribes have been enormously successful launching sustainable businesses in high-growth industries. These tribes owe their success to the creation of well-fueled economic development processes. Indeed, some tribes are so singularly focused on business creation that once an enterprise is running, they bring on business partners to help with operations so the tribe can remain focused on the creation of their next new business.

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MarketWatch: Payday Lenders Get Rare Defense as New York Fed Takes on Critics

WASHINGTON (MarketWatch) — The payday lending industry got a rare showing of regulator support on Monday as the New York Fed took on its critics.

Payday lenders have seen a great deal of criticism for their practices. President Barack Obama has said the industry traps people in a cycle of debt, and the Consumer Financial Protection Bureau has identified practices it’s concerned about, including failure to underwrite for affordable payments, repeatedly rolling over or refinancing loans, holding a security interest in a vehicle as collateral, accessing the consumer’s account for repayment, and performing costly withdrawal attempts.

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