Alert February 19, 2013

CFPB Partners with the Navajo Nation

The CFPB announced that it entered into a memorandum of understanding with the Navajo Nation Department of Justice in January; the MOU is the CFPB’s first with a tribal government. The purpose of the MOU is to establish a framework to preserve the confidentiality of information shared between the parties in connection with their efforts to enforce federal consumer finance laws. According the announcement, the MOU will further the CFPB’s efforts to "prevent harmful practices that target Native American consumers."