Press Releases

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Gary ‘Litefoot’ Davis Named Executive Director of Native American Financial Services Association

Posted by on Sep 28, 2016 in News, Press Release | 0 comments

Gary ‘Litefoot’ Davis Named Executive Director of Native American Financial Services Association

WASHINGTON, D.C. (September 28, 2016) Gary “Litefoot” Davis, an enrolled member of the Cherokee Nation of Oklahoma, has been named the new Executive Director of the Native American Financial Services Association (NAFSA). “The appointment of Gary Davis will be transformative for our organization and the tribal communities we serve,” said Otoe-Missouria Chairman John R. Shotton who serves as NAFSA’s Chairman.  “Gary has been a passionate and tireless advocate for creating new economic opportunities for Indian Country and nobody has...

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CFPB Deputy Director to Congress: Tribal Online Installment Loans Easier To Repay Than Payday Loans

Posted by on Feb 16, 2016 in Press Release | 0 comments

WASHINGTON, DC (February 16, 2016) – In a strong show of support for the innovative consumer financial products offered by sovereign Native American tribes, CFPB Acting Deputy Director David Silberman’s recent testimony before the House Financial Services Committee acknowledged that tribal installment loans are easier to repay than two-week payday loans. When questioned about the impact the Bureau’s proposed “ability to repay” rule would have on consumers’ access to two-week payday loans, Silberman acknowledged that the impact is...

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Native American Tribes to Congress: Respect Our Sovereignty

Posted by on Feb 11, 2016 in Press Release | 0 comments

WASHINGTON, DC (February 11, 2016) – Appearing today before a House Financial Services Committee hearing examining the treatment of Native Americans by the Consumer Financial Protection Bureau (CFPB), a key Native American leader urged Congress to once again stand shoulder-to-shoulder with Indian Country to help ensure the CFPB respects the historic government-to-government relationships of federal entities and sovereign tribes with any rule they produce on short-term lending. Sherry Treppa, Chairperson of the Habematolel Pomo of Upper Lake...

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Don Marlais Joins NAFSA as Assistant Executive Director and General Counsel

Posted by on Feb 10, 2016 in Press Release | 0 comments

The Native American Financial Services Association (NAFSA) today announced the addition of Don Marlais as Assistant Executive Director and General Counsel of NAFSA. “Don’s deep history of experience working at the intersection of public policy, law and politics will be a tremendous resource for NAFSA,” said Barry Brandon, Executive Director of NAFSA. "NAFSA and its members are fortunate to have a professional of Don’s caliber working with them to promote responsible access to credit and protect Native American sovereignty.”

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Indian Country Film “An Unlikely Solution” Wins Big at Hollywood International Independent Documentary Film Awards

Posted by on Jan 14, 2016 in Press Release | 0 comments

The Native American Financial Services Association (NAFSA) today applauded the naming of An Unlikely Solution as a four-time winner at the prestigious Hollywood International Independent Documentary Film Awards. The film, which explores how innovative Native American tribes are offering consumers access to installment loans and other financial service products over the internet, was named a winner in the Documentary Feature, Narration, Editing, and Music Score categories. The film is available online for free at AnUnlikelySolution.com.

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NAFSA Condemns False CFPB Attack Against Native American Tribes

Posted by on Dec 18, 2015 in Press Release, Statement, Uncategorized | 0 comments

NAFSA Condemns False CFPB Attack Against Native American Tribes

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.

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NAFSA Applauds Federal Court Decision Upholding Tribal Sovereignty

Posted by on Nov 23, 2015 in Press Release, Statement | 0 comments

The Native American Financial Services Association (NAFSA) today lauded a federal court decision dismissing a case filed against two tribal online lending businesses, where the court held the businesses were entitled to Tribal sovereign immunity as an arm of the tribe. “The federal court's decision is a tremendous victory for Indian Country and consumers,” said Barry Brandon, Executive Director of NAFSA. “The court rightfully upheld tribes' inalienable right to exercise their sovereignty as historically mandated by federal policy, and correctly ruled that these online lending businesses are in fact arms of their tribes. For all the tribes that rely on e-commerce to help fund critical social programs for their members – and for all the consumers who exercise their choice to access short-term credit provided by tribal lenders – the decision is an important win.”

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NAFSA Commends FDIC for Step Forward on Reversing Damage of Operation Choke Point

Posted by on Nov 19, 2015 in Press Release, Statement | 0 comments

The Native American Financial Services Association (NAFSA) today commended the Federal Deposit Insurance Corporation (FDIC) for taking steps to correct the damage done by Operation Choke Point to legal, licensed Native American online lenders. In a Financial Institution Letter (FIL) released this week, the FDIC formally amended its guidance to make explicit that banks may offer products and services to non-bank lenders like the members of NAFSA who operate in compliance with applicable laws. “FDIC should be applauded for taking this important step towards righting the wrongs that Operation Choke Point caused many Native Americans tribes operating legal and licensed e-commerce businesses,” said Barry Brandon, Executive Director of NAFSA. "This is a not only a victory for Indian Country, it is a victory for the millions of consumers nationwide who rely on Native American online lenders for access to short-term credit.”

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NAFSA Praises President Obama’s Statements Promoting Sustainable Tribal Economic Development

Posted by on Nov 5, 2015 in Press Release, Statement | 0 comments

President Endorses Focus on Giving Tribes the Tools to Generate  Jobs and Economic Development on Their Own Terms WASHINGTON, DC (November 9, 2015) – The Native American Financial Services Association (NAFSA) today applauded President Barack Obama’s remarks at the 2015 White House Tribal Nations Conference, where he advocated for working to increase opportunities for tribes to create jobs and build sustainable economic enterprises. “President Obama is absolutely correct that encouraging long-term economic development opportunities for...

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NAFSA Releases Response to Treasury Department Information Request on Online Lending

Posted by on Oct 1, 2015 in News, Press Release, Statement | 0 comments

Native American Financial Services Association provides Treasury with critical information about lending products offered by Tribal Governments WASHINGTON, DC (October 1, 2015) – The Native American Financial Services Association (NAFSA) today announced the release of its response to a request for information by the U.S. Department of the Treasury for its study on the expanding online lending industry. “NAFSA is proud to have provided information about lending products offered by Tribal Governments that will be critical to ensuring...

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