VPCS as Newest Members
WASHINGTON, DC (May 28, 2014) –The Native American Financial Services Association (NAFSA) is pleased to welcome VP Compliance Services (VPCS) into its membership. VPCS provides compliance services that establish the proper risk controls and monitoring that tribal leaders need to take their industry-leading compliance abilities to the next level.
Barry Brandon, Executive Director of NAFSA stated, “We are thrilled to have VPCS as a NAFSA member and bring their expertise to bear on to help our tribes take the next step of strengthening their compliance systems, training tribal compliance professionals, and helping to ensure that tribal lending operations continue to lead the industry.”
“VPCS has a deep background in providing structure and compliance to tribes and sovereign nations, and we are pleased to be able to bring our experience to assist tribal NAFSA members with compliance,” said Rick Wittwer, Founder of VPCS. “At VPCS, we have more than ten decades of industry experience that will inform our creation and implementation of Lending Program policies and procedures that keep tribal and federal regulatory compliance in mind.”
VPCS’ Lender Compliance Practice is designed to integrate a compliant operations management system within the Sovereign Nation lending community. In tandem with VPCS, the tribe will be trained to perform ongoing compliance and risk assessment reviews of its lending and servicing partners to identify areas of risk as they arise. These services are also offered to state licensed lenders.
The Native American Financial Services Association (NAFSA) formed in 2012 to advocate for Native American sovereign rights and enable tribes to offer responsible online lending products. Through the protection of consumer rights and sovereign immunity, NAFSA provides vital services to tribally operated lenders serving the under-banked with better short term financial services, furthering economic development opportunities in Indian Country.
VP Compliance Services (VPCS) is a leading provider of compliance and operational services to the tribal lending industry. Our service offerings support a broad spectrum of credit related financial services including federal regulatory compliance, program operations, tribal lender audit programs, tribal lender risk assessments, compliance training, and temporary staffing of compliance personnel.