Ally Financial’s quarterly report shows growth for the company and its network, but also reveals the impact of the company’s settlement with the CFPB and DOJ, as well as its ResCap bankruptcy plan.
Read More →Ally Financial announced yesterday that its mortgage subsidiary filed for Chapter 11 bankruptcy protection in New York. The company also is exploring the possible sale of its international operations.
Read More →GMAC Financial Services announced a series of actions intended to strengthen the company's capital base, position it for improved financial performance, minimize further adverse effects on GMAC related to Residential Capital LLC (ResCap), and improve access to the capital markets over time.
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