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GM Financial Triples Share of GM Leases

GM Financial officials said Ally shouldn’t be surprised by GM’s decision to internalize its lease program. The company ended the year with a 50% share of GM’s lease business.

February 5, 2015

Ally Financial Names New CEO

Ally Financial Names New CEO

Jeffrey Brown, who headed up Ally’s dealer-financial services business, will succeed Michael Carpenter, who is retiring from his post and from the company’s board after five years.

February 3, 2015

Ally ‘Highly Confident’ About Overcoming Boot From GM Leasing Program

Ally to Make FICO Scores Available to Customers

Ally Financial Inc. will begin piloting in February a new program designed to provide customers with free access to their FICO score. The company expects to fully launch the new service this summer.

January 13, 2015

Government Loses $9.26 Billion on Auto Bailout

According to a report released by the U.S. Treasury Department this week, the government lost more than $9 billion on its bailout of General Motors Corp., Chrysler LLC and auto lending arms Ally Financial Inc. and Chrysler Financial.

December 30, 2014

Ally Subpoenaed By DOJ

On the same day the U.S. Department of the Treasury sold the last of its remaining 54.9 million shares of Ally common stock, Ally Financial revealed that it has received a subpoena from the Department of Justice related to subprime auto lending.

December 19, 2014

CFPB Needs a New 'Tool,’ Study Finds

CFPB Needs a New 'Tool,’ Study Finds

F&I and Showroom delves into a new study commissioned by the American Financial Services Association. It concludes that the CFPB’s use of the BISG proxy method is “conceptually flawed” and could lead to overstatement of alleged harm to consumers.

November 20, 2014

Ally’s Bill Muir to Retire by Year’s End

Ally announced today that William Muir, the company’s current president and head of Dealer Financial Services business, will retire at the end of 2014. Replacing him will be Jeffrey Brown.

March 13, 2014

GM Financial Reports Strong Fourth Quarter

GM Financial realized its second best year for credit metrics in 2013, which drove profitability for the captive finance company. But officials believe credit will be ‘a bit weaker’ in 2014.

February 11, 2014

U.S. Treasury to Sell $3 Billion of Ally Stock

The U.S. Department of the Treasury announced this week that it expects to sell 410,000 shares of Ally Financial Inc. common stock in a private offering at $7,375 per share. The sale is part of the department’s continued effort to wind down the Troubled Asset Relief Program.

January 16, 2014

Ally Granted Financial Holding Company Status

As a financial holding company, Ally is permitted to engage in a broader range of business activities and can continue to operate its insurance and remarketing businesses as part of its dealer financial services operation.

December 31, 2013

Ally Repays $5.9 Bill to U.S. Treasury

With its recent payment, the auto finance source has now returned more than 70 percent of the government’s $17.2 billion investment.

November 21, 2013

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