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//LENDING |
Friday
5/9/2008 3:38:22 PM |
Combating Predatory Lending
As First Nations works to fulfill its mission "to restore Native control and culturally-compatible stewardship of the assets they own... for ensuring the long-term vitality of Native communities," we are convinced that Native people require positive opportunities to build financial education skills and attain assets like homes, businesses, and education. These positive opportunities can be undermined or completely eliminated if policy makers (at the tribal, federal, and state level) do not address the insidiously negative behavior of predatory lenders. First Nations' Director of Policy, Peter Morris, joined New Mexico State Senator, Leonard Tsosie, in March 2006 to discuss the impact of predatory lending in Native communities on nationally renowned Native talk show "Native America Calling".
Access the audiostream for 'Money Traps' (March 2, 2006) here.
Below you will find links to resources produced by First Nations and our partners to address predatory lending and to create positive opportunities for Native people to build assets.
Predatory Lending Links
• First Nations Study: "Predatory Lending in Native American Communities"
• NAIHC/NCRC Study
• Center for Responsible Lending
Financial Education and Asset-Building Links
• Native Financial Education Coalition
• Native IDA Initiative
• New America Foundation
• Center for Social Development
• Annie E. Casey Briefing
Building Strong Institutions Links
• First Nations Oweesta Corporation
• First Nations' "Strengthening Native American Philanthropy"
• Opportunity Finance Network
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