The Latest Financial News
Federal Reserve Launches New Supervisory Program to Oversee Crypto and Nonbank Partnerships
Earlier this month, the Federal Reserve announced the launch of a new supervisory program for the banks it supervises to oversee activities surrounding cryptocurrency, distributed ledger or blockchain technology, and tech-driven relationships with nonbanks. The...
U.S. Banks Report Nearly $19 Billion in Loan Losses During Q2
Earlier this month, U.S. banks reported $18.9 billion in loan losses during the second quarter of 2023, according to a report from the Financial Times (FT). That figure is the highest loan-loss rate seen in three years, largely due to an increase in defaults among...
54 Million Adults Have Had Credit Card Balances For More Than a Year
A new Bankrate report found that 60 percent of U.S. adults who carry a balance on their credit card, or 54 million people, have carried a balance for at least a year—a rate that is unchanged from 2022 and up from 50 percent in 2021. Overall, 47 percent of credit...
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
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.
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
