The Latest Financial News
A special conversation with Chairman John R. Shotton (Otoe-Missouria Tribe of Oklahoma and Chairman, NAFSA, Board of Directors)
As part of our celebration of the Native American Financial Services Association’s (NAFSA) 10-year anniversary, we will be bringing you a series of conversations with leadership from NAFSA’s Board of Directors. We are delighted to share this conversation between...
Afterpay Expands from Pay-in-4 BNPL Offerings to Interest-Bearing Loans
Buy Now, Pay Later (BNPL) company Afterpay recently announced that it is adding a monthly payment option at the point of sale for users to choose to stretch payments for certain items for up to a year. It allows users to borrow between $400 and $4,000, which is double...
Banks Still Hesitant To Offer Small-Dollar Loans Due to Regulatory Risk
While several major retail banks in the United States—including US Bancorp, Bank of America Corp., Wells Fargo & Co., and four others—are now issuing or have announced plans to issue flat-fee, small-dollar installment loans, others remain hesitant to offer similar...
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
