Having previously announced partnerships with the Cities of Chicago and Newark, the CFPB has now announced its first partnership with a tribal government—the Navajo Nation. A Memorandum of Understanding between the CFPB and the Navajo Nation Department of Justice addresses the mechanics of the information sharing, such as how the CFPB will respond to third party requests for tribal information, how the Navajo Nation DOJ can request information from the CFPB, and the confidentiality of shared information.… Continue Reading
CFPB highlights collaboration with tribal governments
By Alan S. Kaplinsky on
Posted in CFPB Enforcement, Payday Lending, Regulatory and Enforcement
A recent CFPB blog post warning Native Americans receiving payments from the settlement in Cobell v. Salazar that they could be targeted by scammers also highlights the CFPB’s collaboration with tribal governments.
In the post, the CFPB indicates that its “enforcement team will continue to be on the watch for scams and other harmful financial products that target Native Americans” and directs consumers and tribal leaders to “[r]eport problems with payday loans, settlement anticipation loans, auto loans, or anything bought with credit.”… Continue Reading