Financial Institutions

The Tennessee Department of Financial Institutions (TDFI)

How Do I?
Bank & Trust
Credit Union
Mortgage, Consumer Lending & Money Transmission
Consumer Resources
Commissioner's Corner
Interest Rates/Annual Reports
News & Events

News

COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE JULY 21, 2026

Tuesday, July 21, 2026 | 09:18am

NASHVILLE--Commissioner of Financial Institutions Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 10.75 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 6.75 percent as published by the Federal Reserve on July 20, 2026.

Read full story

News

COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE JUNE 9, 2026

Tuesday, June 09, 2026 | 09:25am

NASHVILLE--Commissioner of Financial Institutions Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 10.75 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 6.75 percent as published by the Federal Reserve on June 8, 2026.

Read full story