News Topic: Ally Financial
Search Results
Ally leads pack of banks benefiting from hot auto market
Why more banks are weaning themselves off overdraft fees
Ally ditches overdraft fees, citing consumer harm
Augmented reality produces real results for Ally
Lindsey Bell, Ally Invest | Next 2021
Ally forecasts an extended run of strong margins in auto lending
Ally’s diversification efforts starting to pay off
The auto finance company, which had stumbled in forays into the credit card business, is now seeing rapid growth in mortgage and unsecured consumer lending. ... Read full article
Ally’s latest play for (very new) customers
The digital-only bank is running a new promotion in which it will set up and fund, with $250, an online savings account for any baby born on New Year’s Eve. ... Read full article
General Motors faces ‘big task’ in building a bank: Ally CEO
The automaker is reportedly planning to apply for a bank charter so it could collect deposits and grow its own auto-finance business. That could create more competition for Ally, which was spun off from GM in 2006 but remains a key lending partner. ... Read full article
Banks turn to influencers to build buzz about their brands
Financial institutions like Ally Financial, Clinton Savings Bank and First National Bank of Omaha are recruiting personal finance experts, college students and local personalities to promote their products and services. ... Read full article
How much longer will consumer credit hold up?
Payment rates for auto lenders and credit card issuers have remained strong despite a spike in unemployment. Whether these trends continue into 2021 will depend largely on the actions of Congress and the pace of medical advances. ... Read full article
Why Ally Bank built an island on Animal Crossing
The digital bank is on a larger mission to attract younger customers. It's inserting itself into the popular video game in the hope that game players will learn about its products and have fun at the same time. ... Read full article
Fed’s CRA plan does too much, and too little
The agency overreached in its proposal to revamp the Community Reinvestment Act when it should have simply required branchless banks to invest more in areas where deposits are taken. ... Read full article
Rebounding car sales drive lending boom at Ally
The auto lender says consumers’ skittishness about flying and using public transit during the pandemic has fueled a surge in demand for new and used cars. But executives remain wary of high unemployment and the potential for a rise in loan defaults. ... Read full article
Ally to donate $30 million to address racial inequalities
The Detroit company will provide grants over the next three years to promote homeownership and help small businesseses struggling to recover from the pandemic and civil unrest. ... Read full article
Ally expanding into retail point-of-sale lending
The company will offer retail installment loans up to $40,000 through a partnership with Mastercard's Vyze unit. ... Read full article
Rebound in used-car purchases helps Ally post modest 2Q profit
Some 60% of Ally’s auto originations in the second quarter were used-vehicle loans, the highest percentage in the company's history. ... Read full article
Ally, CardWorks call off planned merger
The companies said the "meaningful impacts" of the coronavirus pandemic led them to terminate the $2.7 billion deal. ... Read full article
Fitch downgrades seven consumer lenders, including Amex, Capital One
Ally, Synchrony, Discover, Sallie Mae and Navient are the other lenders the ratings firm downgraded, citing the impact that the coronavirus crisis is having on their revenues and profits. ... Read full article