Regulators have been pounding the podium for months warning about frothy conditions in the market for automobile loans. But things had to hit close to home — in the form of shrinking loan yields and rising delinquencies — before bankers really paid attention.

Several companies, including Fifth Third Bancorp and Citizens Financial Group, said that they plan to scale back indirect auto lending, citing increased competition and narrowing spreads. Others are reducing exposure by selling off large chunks of auto loans — though those banks insist they remain committed to auto lending.

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