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Indian Country Today: Al Jazeera Blew It on ‘Payday Nation’

Posted by on Jul 10, 2014 in News, Uncategorized | 0 comments

Indian Country Today: Al Jazeera Blew It on ‘Payday Nation’

This article originally appeared in Indian Country Today By Barry Brandon Al Jazeera America’s recent series “Payday Nation” had so much promise to get the facts right and tell a side of the story which has been woefully underrepresented in the world of partisan media and painfully biased reporting. That promise unfortunately fell flat. It wasn’t for lack of education, however. The Native American Financial Services Association (NAFSA) has long sought to straighten out the debate regarding online tribal lending—a part of the...

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American Banker: Payday Crackdown Creates More Problems than It Solves

Posted by on Feb 18, 2014 in News | 0 comments

There are more payday loan stores in the U.S. than all the McDonald’s and Starbucks stores combined. It’s clear that tens of millions of consumers across the nation want and feel they need this product. It’s equally clear that government policymakers believe they know what’s best for consumers. Recent actions taken by the federal government to eliminate a variety of short-term loan products suggest a strong bias against all such loans – period. If so, regulators need to reconsider before they destroy a critical source...

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Barry Brandon in Indian Country Today: Tribes Are Forming a More Perfect Union

Posted by on Dec 3, 2013 in News | 0 comments

When the course of human events mandates a new forming of political bands between one people and another, that challenge has often been met. This was the foundation of our more perfect union. So it was when the United States saw its tumultuous start. So it was outlined as a core tenet of one of the United States’ most important founding documents. And so it shows its need again today, as Native American tribes and Nations find their most basic rights as sovereign peoples under attack. At the heart of Native American culture is the right of...

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Indian Gaming Magazine: Spotlight on Economic Development

Posted by on Nov 18, 2013 in News | 0 comments

In this month’s Tribal Leader Roundtable, we spoke with three tribal leaders about the status of gaming at their casino properties and what plans they have for the future with regard to economic development. Here is what they had to say… Spotlight on Economic Development Share this:

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Sovereignty shapes county’s relationship with tribal casinos

Posted by on Nov 11, 2013 in News | 0 comments

Eleven years after the Dry Creek Rancheria Band of Pomo Indians opened Sonoma County’s only casino in the Geyserville hills, the Federated Indians of Graton Rancheria will throw open the doors to its far larger gambling palace next to Highway 101 outside Rohnert Park. Both casinos were flatly opposed by Sonoma County government officials and many residents. But one factor above all hamstrung county officials and shaped their dealings with the tribes. That factor is tribal sovereignty. “It’s very significant,” said Bruce...

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New York’s Attack on Tribal Lenders Is a Threat to All Natives

Posted by on Aug 26, 2013 in News | 0 comments

Despite a clear precedent in last year’s victory by tribal lenders against Colorado regulators, New York state authorities are mounting yet another attempt to erode tribal sovereign rights to operate businesses without state interference. New York’s banking czar, Benjamin Lawsky, issued a written order August 6 against internet lenders – including many tribal entities – demanding that they stop making loans to New York state residents, a threat to revenue streams that support tribal education, health care and other essential...

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Indian Tribes Said to Sue N.Y. Financial Regulator

Posted by on Aug 22, 2013 in News | 0 comments

Two American Indian Tribes said they sued New York state’s financial regulatory agency and its head over his crackdown on businesses that do lending over the Internet, some of which are tribally-owned. A lawsuit seeking a court order against Benjamin Lawsky, superintendent of the New York Department of Financial Services, was filed yesterday in federal court in Manhattan, the Native American Financial Services Association said in a statement. The complaint couldn’t be immediately verified in court records. Lawsky on Aug. 6 ordered 35...

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NAFSA letter to the U.S. Department of Justice

Posted by on Aug 22, 2013 in News | 0 comments

August 21, 2013 Maame Ewusi-Mensah Frimpong Deputy Assistant Attorney General Consumer Protection Branch Department of Justice Civil Division 950 Pennsylvania Avenue, NW Washington, DC 20530 RE: Follow up on meeting with tribal leadership regarding tribal government short-term lending on August 21, 2013 Dear Deputy Assistant Attorney General Frimpong: I am writing to memorialize the meeting between our tribal membership and you and your colleagues today. We appreciate your willingness to accept our invitation for a meeting to begin a...

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Online Loans Help Families Meet Immediate Credit Needs

Posted by on Aug 19, 2013 in News | 0 comments

A recent piece by Ed Mierzwinski of the U.S. Public Interest Research Group ["Regulators Play 'Whack-a-Mole' With Predatory Lenders," August 13] vilifying the short-term, online lending industry as “predatory” grossly misrepresented companies focused on serving the very real financial needs of the consumers he claims to support. Millions of consumers used an online, short-term loan over the past year to meet the immediate credit needs of their families. Our industry has seen a significant increase in demand for these credit...

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Tribal Online Lenders Ask Banks to Resist Regulatory Pressure

Posted by on Aug 14, 2013 in News | 0 comments

An association of online lenders operated by Native American tribes called on banks to resist pressure from New York State to cut them off from the nation’s primary payment system. The Native American Financial Services Association said the state’s regulators are violating the tribes’ sovereign immunity when they ask banks to prevent them from making and collecting on short-term, high-cost loans via the Internet. “We want you to be aware that we view these actions as a direct threat to tribal sovereignty and our efforts to develop...

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