The CFPB announced on Tuesday that it has, in its first memorandum of understanding with a tribal government, partnered with the Navajo Nation Department of Justice to establish framework designed to protect tribal consumers.
“We are excited about the opportunity to partner in enforcing federal consumer financial laws to protect consumers on the Navajo Nation,” the CFPB said. “This new agreement supports our work to prevent harmful practices that target Native American consumers.”
The CFPB said that the MOU is intended to advance shared consumer protection goals between the agency and the tribe. Under the MOU, non-public information shared between the two parties is considered confidential and information obtained by the CFPB will remain the property of the Navajo Nation. Should the Navajo Nation request that the CFPB destroy, return or delete any information, the agency is required to do so.
Additionally, the tribe may also request information from the CFPB by submitting a written request to general counsel, and a CFPB delegate may also authorize standing information requests under an approved submission. Both parties, however, will remain independent under the MOU.
“No provision of this MOU is intended to, and no provision of the MOU shall be construed to, limit or otherwise affect the authority of the parties to administer, implement or enforce any provision of any law subject to their respective jurisdictions,” the MOU said. “The Parties agree that sharing of the information pursuant to this MOU will not constitute public disclosures and in no way constitutes an intention to compromise the confidentiality of such information or waive any applicable privilege. The Parties expressly reserve all evidentiary privileges and immunities applicable to the information shared under this MOU.”