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Commissioner Gonzales Announces Weekly Formula Rate May 23, 2017

Tuesday, May 23, 2017 | 11:29am

NASHVILLE -- Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 8.0 percent per annum.

The rate is based on a ceiling of 4.00 percent over the weekly average prime loan rate of 4.0 percent as published by the Federal Reserve on May 22, 2017.

Commissioner Gonzales said the rate remains in effect until the average prime loan rate as announced by the Federal Reserve Bank changes. 

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Gonzales, Hughes and Jones Re-Appointed to FFIEC State Liaison Committee

Monday, April 03, 2017 | 10:45am

Washington, D.C. - The Federal Financial Institutions Examination Council announced today the reappointments of Greg Gonzales, Mary Hughes, and Caroline Jones to the Council's State Liaison Committee (SLC).

Greg Gonzales’ SLC nomination was first confirmed by the Conference of State Bank Supervisors (CSBS) in February 2016 to complete a partial term vacancy created by the resignation of Lauren Kingry. Today marks the beginning of Gonzales’ first two-year term, which will continue through March 31, 2019.

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