Auto lending

TCF Financial in Wayzata, Minn., reported lower second-quarter profit as it paid more in salaries and employee benefits and a larger loss provision ate into net interest income.

The new regulations are meant to close loopholes in an interest rate cap that applies to active-duty soldiers and sailors. But financial institutions won at least one important concession.

Signature Bank in New York hired a BankUnited executive and four salesmen and underwriters for its new direct commercial-vehicle financing business.

American Honda Finance Corp. has agreed to pay $24 million to consumers and lower the dealer price caps to settle federal charges that minorities received higher-cost auto loans than white borrowers.

Auto title loans in California grew by more than 10% in number and dollar value last year and the market has almost doubled since 2011, according to a new report.

WASHINGTON — The Federal Reserve Bank of Boston reached a broad agreement with the U.S. affiliate of Spanish powerhouse Banco Santander calling for improvements in internal risk management, liquidity and capital adequacy controls.

The Detroit automaker's lending arm is teaming up with a peer-to-peer car-sharing app — a move that could foreshadow changes in how the industry underwrites auto loans.