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Ally to pay $52M to resolve Justice Department ResCap probe

Nov. 21, 2016 6:57 PM ETAlly Financial Inc. (ALLY) StockBy: Carl Surran, SA News Editor1 Comment
  • 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.

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