WASHINGTON – Treasury said it is seeking to improve financial inclusion among tribal communities.
U.S. Treasurer Chief Lynn Malerba and Deputy Assistant Secretary for Consumer Policy Suzanna Fritzberg chaired a meeting with tribal leaders, Native American leaders of community development financial institutions (CDFIs), a tribal college, representatives from the private sector, and representatives from the across the Biden Administration to discuss the need to expand tribes’ access to financial services, Treasury said.
During the event, Chief Malerba—who became the 18th Chief of the Mohegan Tribe on August 15, 2010 and is the first female Chief in the tribe’s modern history--delivered remarks highlighting the importance of financial inclusion to advance economic development in tribal communities.
Additional Assistance
The administration also touted additional assistance that has been made available through the American Rescue Plan, Inflation Reduction Act, and Infrastructure Law that is said have increased Native-American business growth and tribal economic development.
In December 2023, the Treasury Department released a request for information to inform its development of a national strategy for financial inclusion. The comment period for the RFI closes on February 20, 2024, Treasury said.
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