Ally Financial controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2013
Discriminatory auto-loan pricing settlement
The Consumer Financial Protection Bureau and U.S. Department of Justice alleged that Ally's dealer-markup arrangements caused approximately 235,000 minority borrowers to pay higher interest rates. Ally agreed to provide $80 million in consumer compensation and pay $18 million in civil penalties.
1991
Fraud-related loss involving John McNamara
GMAC was forced to write off $275 million as part of a $436 million loss connected to fraud committed by John McNamara, who operated a Ponzi scheme.