Skip to main content

TCF Bank getting into the car loan business

Gateway offers loans through thousands of used car dealers in 30 states. So far this year, the company’s made $200 million. TCF officials say they'll start offering car loans in the next few months.
  • Author:
  • Updated:
    Original:

Gateway offers loans through thousands of used car dealers in 30 states. So far this year, the company’s made $200 million. TCF officials say they'll start offering car loans in the next few months.

Next Up

Screen Shot 2022-08-11 at 2.49.44 PM

15,000 Minnesota nurses 'overwhelmingly' authorize strike

Overworked and underpaid, the Minnesota Nurses Association is ready to strike.

School dinners lunch

Minnesota to offer free school meals to 90,000 extra students

Gov. Tim Walz, who is facing re-election in November, announced the measure on Monday.

motorcycle

Minneapolis man dies from injuries days after motorcycle pileup

The 69-year-old died after four days at Regions Hospital.

Sebastion Wolbersen-O’Hara

Police: 15-year-old missing from home north of Twin Cities

Authorities say he may be headed to the metro.

Joseph_P._Kennedy,_Sr_optimized

Foundation, the building, the win

Identifying Value Plus Catalysts helps your financial strategy and foundation

boating minnesota lake

25-year-old Hopkins man drowns after falling off boat

The man reportedly fell from the boat while fishing with friends.

mayor frey city minneapolis live stream march 14 2022

What's in Mayor Jacob Frey's budget proposal?

Here's a breakdown of what the Minneapolis mayor is focusing on in 2023-24.

Low, Mimi Parker

Low cancels Europe shows due to Mimi Parker's cancer treatment

The Duluth band says the decision follows 'recent changes' in Parker's treatment.

Related

More Minnesota banks get federal small business loan funding

The money is part of President Barack Obama's Small Business Jobs Act, aimed at fostering lending that can spur growth and job creation.

Free checking returns to TCF Bank

Wayzata-based TCF Financial Corp. says it is eliminating monthly account maintenance fees for all customers, regardless of minimum balance, direct deposit or transaction level requirements. The Business Journal notes TCF Bank began charging fees in early 2010 after new federal regulations were expected to reduce revenue from overdraft fees.

Deadline approaches for Minneapolis tornado victims to apply for loans

So far, the Small Business Administration says nearly 50 people have gotten loans totaling $782,000. Close to 400 people have picked up paperwork to apply for a loan, but only half have completed the process.

Press Release: State to provide $100 million in loans to boost small businesses

Gov. Mark Dayton pledges $100 million in new direct lending money to job creators. He makes the announcement after Tuesday's Jobs Summit in St. Paul. The added funds will go to qualifying Minnesota banks to distribute as business loans. Dayton says the move will double the state's investment in Minnesota small businesses.

U.S. Bank ending student loan biz

College students looking for private loans have fewer options. Minnesota Daily reports after nearly 40 years in the student-loan business, Minneapolis-based U.S. Bancorp is going to pull out of the student loan market. A company spokesperson said U.S. Bank was a "very small player" with less than 1.5 percent of the student-lending market share. JPMorgan Chase has also decided to only lend student loans to existing customers.

Dealership was letting Vikings drive cars with dealer plates

Police investigated after pulling over Donovan McNabb in a vehicle with dealer plates. Fox 9 reports McKay's Family Auto of Waite Park has a sponsorship deal with the team, and apparently loans out the cars to players and coach Leslie Frazier. The dealership has issued a statement taking responsibility for the situation.

TCF Financial shuffles management team

TCF Financial is shuffling its management team. The bank said it is realigning its management to structure the company under four initiatives: Corporate development, enterprise risk management, lending and funding.