Nine Indicted in Multi-State Money Laundering Ring Involving Internet Scams, Nashville at Center of Alleged $20 Million Scheme
Nine individuals have been charged in a multi-state money laundering operation involving over $20 million from internet scams, with arrests made in Tennessee, Texas, and other areas.
Tennessee Department of Financial Institutions Raises Maximum Loan Interest Rate to 11.75%
Tennessee's maximum formula interest rate has risen to 11.75%, influenced by the Federal Reserve's average prime loan rate. This change, announced by Commissioner Gonzales, aligns with a 1983 law mandating rate adjustments.











