Auto lending

The $163.7 billion-asset auto lender reported net income of $248 million, down 5.7% as a result of an increased loan-loss provision and noninterest expenses.

TCF Financial executives are considering pulling back from selling auto loans, following a sharp decline in gains during the fourth quarter.

Declines in deposit-service charges and in gains on the sale of auto loans drove down 4Q earnings.

The auto lender also said originations fell 24% due to intense competition.

Acquisition pushes quarterly revenues past $1 billion for first time ever.

Total loans rose 7%, but the provision for loan losses jumped 27% to $1.7 billion.

A deal between Ford Motor Credit and a San Francisco-based startup will give car buyers the option of customizing their own loan terms.

The auto lending group is touting loan growth of more than 16% for its CU partners throughout 2016.

Profit surged at BB&T in Winston-Salem, N.C., during the fourth quarter, driven by various acquisitions and growth in business lending.

A House Republican report, charging that Consumer Financial Protection Bureau Director Richard Cordray "may have broken the law" when the agency cracked down on auto lenders, appeared to escalate the GOP's clash with the agency.