Ally Financial posts highest origination volume in 5 years
Ally Financial’s positive third-quarter results were marked by a surge in originations and strong credit performance as loan modifications expired. ...
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Ally Financial boosts Carvana’s credit line, again
Ally Financial has once again added $1 billion to Carvana’s line of credit, putting the two companies’ purchase agreement at ...
Ally Financial net charge-offs expected to double by year end
Ally Financial forecasts its retail auto net charge-offs (NCO) to be between 1.8% and 2.1% of its portfolio by the ...
Ally Financial boosts auto industry with dealership initiatives
Ally Financial launched a campaign of initiatives yesterday to provide digital support for struggling dealerships nationwide, according to a company ...
Ally Financial allots $3B for credit losses, defers CECL
Ally Financial has set aside $2.8 billion in retail auto reserves, a $1.8 billion year-over-year increase, as the COVID-19 crisis ...
Ally Financial pumps up Carvana partnership with $2B credit line
Ally Financial has doubled used-car retailer Carvana’s line of credit to $2 billion over the next year, the companies announced ...
Ally Financial offers relief as pandemic impact worsens
Ally Financial, one of the largest banks in auto lending with an $80 billion portfolio, has announced its support for ...
Ally Financial spotlights customers for ‘Banksgiving’ [Video]
Ally Financial has recognized three customers who selflessly contribute to their communities not just during the holiday season, but every ...
