11 Facts About Ally Financial


Ally Financial is a bank holding company organized in Delaware and headquartered in Detroit, Michigan.

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Ally Financial provides financial services including car finance, online banking via a direct bank, corporate lending, vehicle insurance, mortgage loans, and an electronic trading platform to trade financial assets.

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In May 2016, Ally Financial Bank re-entered the mortgage business with the launch of its direct-to-consumer offering called Ally Financial Home.

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In October 2019 Ally Financial announced completion of its acquisition of Health Credit Services .

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Ally Financial will move into the building in phases as determined by teams.

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In December of 2021, Ally acquired Fair Square Financial, a credit card company, for $750 million and subsequently rebranded the subsidiary and product as Ally Credit Card.

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In 2019, Ally Financial became the primary sponsor for seven-time NASCAR Cup Series champion Jimmie Johnson at Hendrick Motorsports, a sponsorship that runs through 2023.

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Ally Financial is a sponsor of the National Women's Soccer League and of a team in Major League Soccer, Charlotte FC.

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In 2021, Ally Financial continued to sponsor Jimmie Johnson in IMSA WeatherTech SportsCar Championship with his No 48 Cadillac DPi-V.

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The higher rates resulted from the company's specific policy of allowing dealers to charge, at their discretion, a "dealer markup" above Ally Financial's established "buy rate" and then compensating dealers based on the markup.

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Ally Financial provided an incentive for dealers to charge higher rates, in violation of the Equal Credit Opportunity Act.

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