Tribal lenders praise Treasury Department study of industry

The Native American Financial Services Association is welcoming the chance to influence a new study of the online lending industry.

Tribes across the nation have started online lending businesses to serve customers without traditional banking options. Their operations will be a part of the new Treasury Department study.

“Treasury’s announcement is a tremendous affirmation of what NAFSA has been saying all along,” executive director Barry Brandon said today. “Innovations in the financial services industry, like those pioneered by the Tribal businesses that make up NAFSA, are providing underbanked consumers with safe and affordable access to credit when they need it the most.”

http://www.indianz.com/News/2015/018261.asp