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Article: Western bankers pledge to improve credit access on Indian reservation. (Navajo Nation)
- Article from:
- American Banker
- Article date:
- September 28, 1995
- Author:
CopyrightCOPYRIGHT 1995 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Several western bankers have pledged to improve the access of Navajo Indian Reservation residents to financial services, particularly home loans.
Representatives of banks, the Federal Home Loan Bank System, the Navajo Nation, and nonprofit organizations agreed to take 50 steps in the next year to help Navajos get credit. At a meeting held Sunday in Aneth, Utah, they also pledged to finance at least as many homes as there were people in attendance: 52.
Such meager ambitions underscore the administrative as well as economic obstacles to community banking on Indian reservations, which are treated as sovereign countries.
"There's a double dimension to ...
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