The Latest Financial News
Senate Banking Committee Holds Nomination Hearing for Gruenberg to Lead FDIC
The U.S. Senate Committee on Banking, Housing, and Urban Affairs held a nomination hearing last week for Martin Gruenberg to be chairman of the Federal Deposit Insurance Corp. (FDIC). Gruenberg has served as acting chair of the agency since the beginning of this year,...
More Than Half of Adults Have Delayed a Major Financial Milestone Due to State of Economy
A recent Bankrate.com survey found that 53 percent of American adults have delayed a major financial milestone because of the state of the economy, including milestones like renovations or home improvements (25 percent), buying or leasing a car (21 percent), or...
Wells Fargo Launches Small Dollar Loan, Offering Customers $250 or $500 for Flat Fee
Wells Fargo recently launched a new financial product, called Flex Loan, which is marketed as a small dollar loan to help customers meet short-term cash needs. The loan is available through the bank’s mobile app to eligible consumers in amounts of either $250 or $500...
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
