For most Tennesseans, financial institutions are symbols of security. Their role in business and industry is crucial to the growth of our country's economy and our own personal well being.
The primary statutory mission of the Department of Financial Institutions is to provide the people of Tennessee with a safe and sound system of banks and other institutions by ensuring safety and soundness and compliance with governing law, while giving institutions the opportunity to contribute to the economic progress of Tennessee and the nation.
The Department of Financial Institutions' vision is the establishment of a regulatory program that provides for a sound state financial services system within which well-meaning institutions have the opportunity to succeed and serve their communities by encouraging commerce while there is strong enforcement of laws and regulations to protect citizens.
In Tennessee, banking is big business. As of March 2, 2015, the Tennessee Department of Financial Institutions regulated:
154 State-chartered Banks 95 State-chartered Credit Unions 8 Trust Companies 2 Business and Industrial Development Corporations (BIDCO) 1,523 Industrial Loan and Thrift Companies (TILT) 46 Insurance Premium Finance Companies 543 Mortgage Companies, 7,153 Mortgage Originators 1,089 Title Pledge Lenders 605 Check Cashers 1,277 Deferred Presentment Services Companies 72 Money Transmitters
Greg Gonzales is the 18th commissioner of the Tennessee Department of Financial Institutions, who began serving in this role in 2005, and was reappointed by Governor Bill Haslam. He has served in the department since 1986. In this position, Gonzales serves as Tennessee's chief regulatory officer of all state-chartered depository and licensed non-depository financial institutions. Additionally, he has served as assistant commissioner and general counsel for the department.
NASHVILLE-The Tennessee Department of Financial Institutions reminds all industrial loan and thrift companies of certain changes to registration and examination fees, as well as other legislative changes to the Tennessee Industrial Loan and Thrift Companies Act, which will become effective on April 15 and July 1, 2015....More
NASHVILLE-During the 108th Session of the Tennessee General Assembly, Title 45 of the Tennessee Code was amended adding a new chapter known as the "Flexible Credit Act". The new chapter is designated as Tennessee Code Annotated § 45-12-101 et seq. ...More
NASHVILLE-Tennessee Department of Financial Institutions (TDFI) Commissioner Greg Gonzales announced today that the department is offering guidance to Tennesseans for their consideration should they decide to engage in transactions or investments involving virtual currency . ...More
NASHVILLE-The Tennessee Department of Financial Institutions 2014 Report on the Title Pledge Industry is now available. ...More
NASHVILLE-Commissioner Greg Gonzales of the Tennessee Department of Financial Institutions announced today that the Department will be changing main office locations on January 13, 2014. TDFI will be located at 400 Deaderick Street, 6th Floor, Nashville, TN 37243 . TDFI main phone number will remain 615-741-2236. ...More