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The settlement is the department’s third largest fair lending agreement and largest ever auto lending agreement.
Read More →General Motors is said to be set to sell its stake in Ally Financial, which is majority owned by U.S. taxpayers, Bloomberg reports.
Read More →With its recent payment, the auto finance source has now returned more than 70 percent of the government’s $17.2 billion investment.
Read More →iPhone and Android users who do business with Ally can now view payment information, submit or schedule a payment and more with the new Ally Auto Mobile Pay app.
Read More →CFPB Director Richard Cordray responded Monday to lawmaker demands for information on the bureau’s investigation of the indirect financing channel. The director delivered his response a day before Ally revealed in a filing with the SEC that it may be facing ECOA violations.
Read More →A U.S. bankruptcy judge accused Ally Financial of sending confusing letters to bankrupt customers that demanded payments on debts they no longer owed. Ally was ordered to pay $11,000 to a recipient of such a letter.
Read More →Ally Financial has named the nominees for this year’s TIME Dealer of the Year. The winner will be announced during January's NADA Convention & Expo in New Orleans.
Read More →The company’s current corporate treasurer, Christopher Halmy, will step into the role in November, as CFO James Mackey leaves to pursue other opportunities.
Read More →Nearly 65 percent of dealers surveyed by Ally Financial and the NADA have increased donations and volunteerism this year.
Read More →Ally Financial announced Tuesday in a filing with the SEC that it will explore alternatives to repay the Treasury for its $17.2 billion bailouts, according to The Detroit News. Ally must reach a payment agreement with the Feds before it can go forth with its planned IPO.
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