Auto lending

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.

Credit unions have enjoyed a multiyear run of solid growth in membership and originations. Rising rates and the potential for regulatory overhaul could mean new competition — just as refi volumes are set to fall.

Late-payment rates on bank-issued credit cards and auto loans rose during the third quarter of 2016 to their highest levels in more than two years, according to a new report.

Ally Financial in Detroit has agreed to provide up to $600 million in financial backing for Carvana’s online auto sales.

The commercial-and-industrial loan space is overheated, higher rates could stifle mortgage refinancings, and subprime auto delinquencies are on the rise. Bankers could be fighting these fires and more in the new year.