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About TDFI

 

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 Department of Financial Institutions has legal responsibility for ensuring that Tennessee financial institutions remain fiscally strong and comply with governing authority. In its supervisory role, the department actively regulates and examines the safety and soundness of each state-chartered financial institution. Additionally, the department handles consumer complaints involving these financial institutions.

In Tennessee, banking is big business. As of February 3, 2012, the Tennessee Department of Financial Institutions regulated:

  • 153 State-chartered Banks
  • 101 State-chartered Credit Unions
  • 9 Trust Companies
  • 2 Business and Industrial Development Corporations (BIDCO)
  • 1,053 Industrial Loan and Thrift Companies (TILT)
  • 54 Insurance Premium Finance Companies
  • 1,126 Mortgage Companies & Branches, 4,095 Mortgage Originators
  • 839 Title Pledge Lenders
  • 702 Check Cashers
  • 1,214 Deferred Presentment Services Companies
  • 67 Money Transmitters

    • Commissioner Greg Gonzales

    Commissioner Greg Gonzales

    Greg Gonzales was reappointed by Governor Bill Haslam and currently serves as the 18th commissioner of the Tennessee Department of Financial Institutions. In this position, Gonzales serves as Tennessee's chief regulatory officer of all state-chartered depository and licensed non-depository financial institutions.

    Click here for Commissioner Gonzales' bio

     

    TDFI News

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    • National Mortgage Settlement

      February 9, 2012

      NASHVILLE- Tennessee is participating in a state-federal mortgage servicing settlement with the nation’s five largest servicers: Bank of America, Chase, Citi, GMAC/Ally Financial, and Wells Fargo. This agreement will provide several new servicing standards to improve communications with these servicers, and also relief to eligible homeowners such as loan modifications, refinancing, principal reduction, and short sales. ...More

    • TDFI, Mortgage Regulation Section Receives Accreditation

      December 29, 2010

      WASHINGTON, D.C.-The Conference of State Bank Supervisors (CSBS) announces that the Tennessee Department of Financial Institutions, Mortgage Regulation Section has received a certificate of accreditation, certifying that the Department maintains the standards and practices in state mortgage supervision set by the organization's Accreditation Program. The Tennessee Department of Financial Institutions is the fifth state to receive accreditation for mortgage supervision....More

    • New Anti-Fraud Program Launched in Tennessee

      October 27, 2010

      NASHVILLE-The Tennessee Department of Commerce and Insurance, Tennessee Department of Financial Institutions, Tennessee Credit Union League and Consumer Federation of America announce today the start of an anti-fraud program created to educate consumers and financial institutions about fake check scams. ...More

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