- Ally Financial (NYSE:ALLY) agrees to pay $52M under a settlement with the U.S. Justice Department related to mortgage-backed securities at its former ResCap subsidiary.
- Ally also says it will withdraw the broker-dealer registration of Ally Securities, which it says is not a strategically significant part of the company and will not affect the company's ongoing operations.
- Ally says the settlement resolves all outstanding DoJ investigations and potential claims concerning the securities.
Ally to pay $52M to resolve Justice Department ResCap probe
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ALLY | - | - |
Ally Financial Inc. |