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Bringing Partners Together for Financial Education News in Indian Country
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August 18, 2016
 
In This Edition of NFEC PARTNER NEWS

White House and FINRA Release New Reports on Financial Inclusion and Capability

"Access to Capital and Credit in Native Communities" Report Takes Forward-Looking Approach to Financial Access in Indian Country

Upcoming Webinar:
Tribal Approaches to Small Dollar Lending

NCAI Passes Resolution on CFPB's Proposed Regulations


Opportunities, Resources, News & Events

White House and FINRA Release New Reports on Financial Inclusion and Capability

The White House Council of Economic Advisors recently released the issue brief "Financial Inclusion in the United States," which examines the costs to consumers that are associated with the lack of access to safe and affordable financial services. To read the issue brief, click here.

In addition, the FINRA Investor Education Foundation recently released its "Financial Capability in the United States 2016" report, which underscores the need to ensure that all Americans have access to the education, resources and tools they need to manage their money with confidence. To view the report, click here.

"Access to Capital and Credit" Report Takes Forward-Looking Approach to Financial Access in Indian Country

A new independent report on access to capital and credit in American Indian, Alaska Native, and Native Hawaiian communities (Native Communities) was released today by the Native Nations Institute. The Access to Capital and Credit in Native Communities Report (the Report), commissioned by the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund), examines recent successes in the effort to improve access to capital and credit in Native Communities as well as what can be done to build on that success. The CDFI Fund commissioned the Report as a follow-up to its 2001 Native American Lending Study, which analyzed access to capital and financial services in Native Communities, identified barriers to access, and provided options to address the barriers.

“The lack of access to capital and credit has been a significant constraint on economic development in Native Communities,” said Annie Donovan, Director of the CDFI Fund. “While the Native American Lending Study focused on status of and barriers to accessing capital, the Access to Capital and Credit in Native Communities Report focuses on what has changed over the last 15 years, and on what opportunities exist to increase the provision of financial services and access to capital in Native Communities.”

To view the report, click here.

Upcoming Webinar: Tribal Approaches to Small Dollar Lending

First Nations Oweesta Corporation, in partnership with the First Nations Development Institute and the National Congress of American Indians, will conduct the webinar "Tribal Approaches to Small Dollar Lending" on Thursday, September 1st at 3:00 p.m. The webinar will focus on best practices and unique approaches to small-dollar lending in tribal communities, and how tribal governments are creating their own regulations to govern this practice. For more information about the webinar, click here.

NCAI Passes Resolution on CFPB's Proposed Regulations

At its recent Mid Year Conference in Spokane, WA, the National Congress of American Indians passed a resolution that responds to the Consumer Financial Protection Bureau's recent release of its proposed rules governing payday lending and arbitration agreements. Among other things, the resolution requests 120-day extensions on the comment period for both rules to allow for meaningful consultation between tribes and the CFPB. To read the resolution, click here.

Opportunities, Resources, News & Events 


OPPORTUNITY DEADLINE (TIME SENSITIVE): Department of Labor: America's Promise Job-Driven Grants (Grant Deadline: August 25th)

OPPORTUNITY DEADLINE (TIME SENSITIVE): 11th Annual Native CDFI Awards: Call for Nominations (Deadline: September 1st) 

RESOURCE: Building Native Communities: Financial Skills for Families (Fifth Edition of Curriculum Released) (First Nations Development Institute and First Nations Oweesta Corporation) 

NEWS: MyPath Credit Model Featured on NPR

EVENT: Mortgage Lending in Indian Country conference (Center for Indian Country Development) (September 13th through 15th, Scottsdale, AZ)

EVENT: Indianpreneurship Train the Trainer Session (ONABEN) (September 26th and 27th, Orono, ME)

EVENT: Ninth Annual Financial Literacy Leadership Conference (Society for Financial Education and Professional Development) (October 17th and 18th, Atlanta, GA)

EVENT: Opportunity Finance Network (OFN) Conference 2016 (Opportunity Finance Network) (October 24th through 27th, Atlanta, GA) 
 
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