Carvana reduces floorplan line with Ally Financial
Automotive retailer Carvana reduced its wholesale inventory floorplan line of credit with Ally Financial to $2.2 billion in the pair’s ...
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Ally Financial uses RPA, AI to combat synthetic identity fraud
SEATTLE — Ally Financial is using robotic process automation (RPA) and artificial intelligence (AI) to identify the fraudulent paystubs commonly ...
Ally Financial originations increase 3% YoY to record $13B
Ally Financial logged its highest quarterly origination volume since 2006 in Q2 amid tight vehicle supply and rising interest rates ...
Ally Financial marks 11-year record in Q1 auto originations
Ally Financial posted the bank’s highest first-quarter auto origination volume in 11 years despite low new-vehicle inventory. Auto originations increased ...
Ally Financial commits $250K in scholarship funding to Congressional Black College Foundation
Ally Financial on Feb.23 committed more than $250,000 to support legal and public policy scholarships through its partnership with the ...
Ally Financial’s floorplan outstandings rise 46% from Q3
Ally Financial’s floorplan outstandings grew in the fourth quarter as the lender gained momentum in a rising rate environment. While ...
Ally Financial bolsters Vroom’s floorplan facility
Ally Financial has increased Vroom’s floorplan line of credit to nearly double its former amount as the online used-car retailer ...
Shift secures $100M floorplan facility from Ally Financial
Online used-car marketplace Shift Technologies has secured a $100 million floorplan facility from Ally Financial, effectively ending the company’s search ...
