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 APRIL 21, 2026

Tuesday, April 21, 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 April 20, 2026.

Read full story

News

COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE MARCH 10, 2026

Tuesday, March 10, 2026 | 09:11am

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 March 9, 2026.

Read full story