Gavel Insight

The banking industry in Tennessee is regulated by both state and federal laws. These laws set the standards for financial institutions and protect consumers and their assets. Understanding the banking laws in Tennessee is essential for both financial institutions and consumers. Here’s a comprehensive guide to help you navigate the complexities of banking laws in the state. The Tennessee Department of Financial Institutions (TDFI) is the regulatory authority in the state that supervises and examines state-chartered banks and credit unions. The TDFI also regulates mortgage loan originators and mortgage lenders. The Federal Reserve Bank of Atlanta supervises and examines federally-chartered banks and thrifts in Tennessee. Licensing Requirements for Banks in Tennessee To operate a banking institution in Tennessee, you must obtain a bank charter from the TDFI. There are two types of bank charters that your institution can apply for – state and federal. State-chartered banks are regulated b...

Introduction: Libel law in the United States is a complex area of legal theory which is further complicated by the fact that every state in the country has its own unique set of laws regarding defamation. Texas, specifically, has a set of laws that are referred to as the "Richardson's Libel Laws," which are designed to protect the reputation of individuals and organizations in the state. This article will delve into the basics of these laws and how they function to protect Texans from defamation. What is libel? Libel is a legal term that is commonly used to describe a statement that is false and damages the reputation of a person or organization. In legal terms, it is often described as a written or published statement that is false, malicious, and adversely affects someone's reputation. What are Richardson's Libel Laws? The Richardson's Libel Laws, also known as the Texas Libel Laws, are a set of statutes that govern defamation and its effects on the reputati...