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## U.S. Bank’s Decision to Scale Back Auto Lending

During the fourth quarter, U.S. Bank made the strategic move to further reduce its auto lending activities, citing intense market competition and decreased profitability. Indirect auto loan and lease originations at the Minneapolis-based bank experienced a sequential decline of 1.7% and a year-over-year decrease of 1.9%, amounting to $1.1 billion in Q4, as reported in the bankÔÇÖs earnings supplement. This reduction in originations was observed across all four quarters, indicating a consistent trend of scaling back their auto lending operations.

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