TCF Financial Corp. said Friday that it would quit indirect auto lending, which would result in $6 million of restructuring charges and an added loan provision in the fourth quarter.

"The returns in indirect auto lending have been unacceptable, with a significant portion of our overall loan losses attributable to that business," said chief executive William A. Cooper.

About half of TCF's $475 million consumer finance loan portfolio is auto loans. TCF is reviewing plans to liquidate or dispose of the loans.

The company plans to take a pretax charge of $2 million and would increase its loan-loss provision by $4 million over last year's fourth quarter. The company said it would save $10 million in expenses and would lower its loan provision in 1999.

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