October 11, 2017 - Industry News
The finance source’s new policy took effect days before new allegations surfaced that Wells Fargo failed to deliver GAP refunds to borrowers. It states that Ally — not dealers — will directly refund the unearned portion of GAP waivers and insurance to borrowers within 45 days of the paid-in-full date.
Tags: Ally, auto finance, Consumer Financial Protection Bureau, GAP, Regulators
May 11, 2017 - Industry News
Launched in April, Clearlane will soon be getting an upgrade. Through eOriginal, the auto finance marketplace will soon allow car buyers to sign and submit their financing documents online or via mobile devices.
Tags: Ally, auto finance, Clearlane, digital retailing, online F&I
April 3, 2017 - Industry News
Clearlane allows consumers to finance a vehicle purchase from a dealership or a private party sale, refinance their existing loan, or buy their vehicle at lease end. The site also sells GAP and service contracts.
Tags: Ally, auto finance, digital retailing, online F&I
August 2, 2016 - Industry News
During Ally Financial's second quarter earnings call, company officials said the finance source is moving downstream into the higher risk, higher yield credit tiers and focusing less on the low-risk superprime loans.
Tags: Ally, Quarterly Earnings, Second Quarter, Super Prime
May 23, 2016 - Industry News
The publishers of Auto Dealer Today announced the winners of the 12th annual Dealers’ Choice Awards. The awards are based on a comprehensive survey that allowed dealers and dealership personnel to recognize their favorite vendors, suppliers and finance companies in 34 categories.
Tags: ActivEngage, Ally, American Financial & Automotive Services, AUL Corp., Auto Credit Express, Autotrader, Cars.com, CDK Global, Client~ConneXion, CNA National, Contact At Once, Dealer Synergy, Dealer.com, DealerClickz, DealerLink, DealerRefresh, Dealers' Choice Awards, DealerStrong, Dealertrack, Digital Air Strike, DMEautomotive, Dominion Dealer Solutions, eBizAutos, ELEAD1ONE, IAS, Jim Ziegler, Mosaic, Naked Lime, National Auto Care, Portfolio, ProMax Online, Protective Asset Protection Division, Reahard & Associates, Reynolds & Reynolds, RoadVantage, United Development Systems, vAuto, Zieger Supersystems
March 22, 2016 - Industry News
Frustrated with how market perception is affecting the company's stock, Ally management announced this week it will be appointing a new independent director to its board of directors.
Tags: Ally, Board of Directors, Stock
March 21, 2016 - Industry News
Republicans were expected to lash out at the CFPB during its semi-annual report to Congress, but there were a few unexpected critics from the other side of the aisle as well.
Tags: Ally, CFPB, Disparate Impact, Payday Lending
November 24, 2015 - Industry News
The firm helping finance sources like Toyota Financial Services and Ally connect with car buyers online has expanded into two major markets. Officials say the expansion will aid the firm’s efforts to further penetrate the financial services industry.
Tags: Ally, auto finance, Captive, ChannelNet, digital marketing, multichannel marketing, Toyota Financial Services
June 2, 2015 - Industry News
The company rolled out its new Ally Premiere Protection after completing a three-month pilot. Test dealers gave Ally high marks for training and product transition.
Tags: Ally, Ally Premiere Protection, vehicle service contracts
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