Ally Financial has sold its credit card business to consumer finance company Cardworks. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Ally Financial is reportedly cutting staff, ending mortgage originations and rethinking its credit card business. Get the Full Story Complete the form to unlock this...
Carvana has revived a deal to sell $4 billion in used-car loan receivables to Ally Financial. Get the Full Story Complete the form to unlock...
Earnings reports this season, particularly from banks, have taken note of the resilience in consumer spending, especially on debit and credit cards, in various areas...
Ally Financial CEO Michael Rhodes says the company’s next few quarters will be “choppy.” Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The banks fizzled this past week, marking the lone swath of red — measured in terms of declining stock prices — in the latest weekly...
Americans’ struggles with their bills has reportedly been bad news for consumer lending firms. Get the Full Story Complete the form to unlock this article...
The money consumers saved during the pandemic has been spent. Savings are pressured, and credit card debt is mounting. When it comes to keeping current...
Ally Financial reported Wednesday (July 17) that its net charge-offs (NCOs) in the second quarter rose in comparison to the same quarter a year earlier,...