Ally Financial Inc. and Ally Bank
Enforcement, Auto Loans, Fair Lending
In 2013, the CFPB, along with the Department of Justice, settled claims against Ally Financial for violating “fair credit laws by charging minority borrowers higher markups on auto loans than white customers.” Ally agreed to pay $98 million in restitution, with $80 million going to consumers in damages and another $18 million as a civil penalty to the CFPB.
Inactive or Resolved
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