Calling it an affront to Native Americans everywhere, NAFSA today condemned a false and offensive statement by the CFPB about the legal status of tribal e-commerce businesses.
The film tells the story of customers who have used tribally-owned businesses to help them address urgent financial needs, and of the tribes who operate and benefit from them.
“This decision is another victory not only for tribal lending enterprises, but for all Native American businesses that contract with outside vendors & service providers."
NAFSA to press for Treasury research to be comprehensive and include all relevant online lending products
The Native American Financial Services Association (NAFSA) formed in 2012 to protect and advocate for Native American sovereign rights and enable tribes to offer responsible online lending products. Through the protection of consumer rights and tribal sovereignty, NAFSA provides vital services to tribal governments serving the underbanked with better short term financial services, furthering economic development opportunities in Indian Country.
We remain hopeful that the Federal government, regulators, and the electorate will join with us to help safeguard the solemn right of Native American people to protect our culture and livelihood. We are hopeful that these audiences will join us in opposing any actions that will impede Native Americans from protecting our rights of self-determination to the fullest extent of the law. Finally, we are hopeful that working together, we can provide much-needed economic opportunity and development to Indian Country for the benefit of our tribal communities.
Otoe Missouria Sovereignty through Economic Development
Habematolel Pomo of Upper Lake A Sovereign Island