Lance Gumbs. Photo from Facebook

The Native American Financial Services Association, the organization that advocates for tribal lending institutions, has a new executive director.

Lance Gumbs, a well-known member of the Shinnecock Nation of New York, was named to the post. He follows Barry Brandon, a member of the Seneca Nation of New York who was the group's first director and will remain on board as an advisor.

"NAFSA is very fortunate to have Lance as its new executive director," John Shotton, the chairman of NAFSA and chairman of the Otoe-Missouria Tribe, said in a press release. "Lance is a talented business leader who is bringing a proven record of experience to NAFSA, and who has a deep commitment to improving opportunity for all Native Americans."

Tribal lending businesses have faced scrutiny at the federal and state levels. Gumbs said he was eager to defend the industry.

"I am honored to have been selected to lead NAFSA as it continues to advocate for Native American sovereign rights and serve the Native American e-commerce businesses which are so vital to the social welfare of tribes across the country," said Gumbs. "E-commerce represents the future for tribal economic development, and I look forward to leading NAFSA's efforts to protect and expand the opportunities these businesses create for all of Indian country."

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