Ally Financial: Difference between revisions

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{{StubNotice}}{{~~InfoboxCompany~~

~~| Name = Ally Financial Inc.~~

{{CompanyCargo

| Type = Public

| Founded = 1919

| Industry = Financial services

| ~~Official~~ Website = ~~http~~://ally.com

| Website = https://ally.com

| Logo = Ally Financial Logo.svg

| Description = Ally Financial is a US-based company offering banking, securities, and other financial services through its subsidiaries

}}

'''[[wikipedia:Ally_Financial|Ally Financial Inc.]]''' is a US-based company offering banking, securities, and other financial services through its subsidiaries such as Ally Bank, Ally Invest Advisers Inc. and [[Ally Invest Securities]] LLC.

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==Incidents==

===2013 ~~discrimination settlement~~===

===Discrimination settlement (December 2013)===

Due to Ally's discriminatory pricing system, more than 235,000 minority borrowers paid higher interest rates for their auto loans between April 2011 and December 2013. The [[wikipedia:Consumer_Financial_Protection_Bureau|Consumer Financial Protection Bureau]] (CFPB) and [[wikipedia:United_States_Department_of_Justice|Department of Justice]] (DOJ) ordered the company to pay $18 million in penalties and $80 million in damages to affected borrowers.<ref>https://www.consumerfinance.gov/about-us/newsroom/cfpb-and-doj-order-ally-to-pay-80-million-to-consumers-harmed-by-discriminatory-auto-loan-pricing/</ref><ref>https://www.consumerfinance.gov/about-us/blog/harmed-ally-borrowers-have-been-sent-80-million-in-damages/</ref>

Due to Ally's discriminatory pricing system, more than 235,000 minority borrowers paid higher interest rates for their auto loans between April 2011 and December 2013. The [[wikipedia:Consumer_Financial_Protection_Bureau|Consumer Financial Protection Bureau]] (CFPB) and [[wikipedia:United_States_Department_of_Justice|Department of Justice]] (DOJ) ordered the company to pay $18 million in penalties and $80 million in damages to affected borrowers.<ref>{{Cite web |date=20 Dec 2013 |title=CFPB and DOJ Order Ally to Pay $80 Million to Consumers Harmed by Discriminatory Auto Loan Pricing |url=https://www.consumerfinance.gov/about-us/newsroom/cfpb-and-doj-order-ally-to-pay-80-million-to-consumers-harmed-by-discriminatory-auto-loan-pricing/ |url-status=live |archive-url=https://wayback.archive-it.org/23481/20250930143237/https://www.consumerfinance.gov/about-us/newsroom/cfpb-and-doj-order-ally-to-pay-80-million-to-consumers-harmed-by-discriminatory-auto-loan-pricing/ |archive-date=30 Sep 2025 |access-date=25 Nov 2025 |website=Consumer Financial Protection Bureau}}</ref><ref>{{Cite web |last=Ficklin |first=Patrice Alexander |date=29 Jan 2016 |title=Harmed Ally borrowers have been sent $80 million in damages |url=https://www.consumerfinance.gov/about-us/blog/harmed-ally-borrowers-have-been-sent-80-million-in-damages/ |url-status=live |archive-url=https://wayback.archive-it.org/23481/20250930035613/https://www.consumerfinance.gov/about-us/blog/harmed-ally-borrowers-have-been-sent-80-million-in-damages/ |archive-date=30 Sep 2025 |access-date=25 Nov 2025 |website=Consumer Financial Protection Bureau}}</ref>

===Data breach===

===Data breach (April 2024)===

Ally Financial experienced a data breach in April 2024 that revealed the personal data of millions of its clients.<ref>https://news.bloomberglaw.com/ip-law/ally-breach-may-have-leaked-consumer-data-of-billions-suit-says</ref> A [[class action lawsuit]] had been filed by July 2024,<ref>https://www.bloomberglaw.com/public/desktop/document/OwensvAllyBanketalDocketNo324cv00811WDNCSep072024CourtDocket?doc_id=X5LVE5J58BA8CP8L7L86STUQPGQ</ref> claiming Ally did not properly secure customers' confidential information, such as Social Security numbers and auto account numbers. The suit also alleged that Ally failed to use computer software available for detecting and warding off cyberattacks, and other measures needed to protect the hardware of its systems. Additionally, customer notifications were sent only with long delay.<ref>https://natlawreview.com/article/ally-financial-faces-class-actions-over-data-breach</ref>

Ally Financial experienced a data breach in April 2024 that revealed the personal data of millions of its clients.<ref name=":0">{{Cite web |last=Coyer |first=Cassandre |date=9 Sep 2024 |title=Ally Breach May Have Leaked Consumer Data of Billions, Suit Says |url=https://news.bloomberglaw.com/ip-law/ally-breach-may-have-leaked-consumer-data-of-billions-suit-says |url-status=live |archive-url=http://web.archive.org/web/20251018005936/https://news.bloomberglaw.com/ip-law/ally-breach-may-have-leaked-consumer-data-of-billions-suit-says |archive-date=18 Oct 2025|access-date=25 Nov 2025 |website=Bloomberg Law}}</ref> A [[class action lawsuit]] had been filed by July 2024,<ref>{{Cite web |date=25 Nov 2025 |title=Court Dockets |url=https://www.bloomberglaw.com/public/desktop/document/OwensvAllyBanketalDocketNo324cv00811WDNCSep072024CourtDocket?doc_id=X5LVE5J58BA8CP8L7L86STUQPGQ |url-status=live |archive-url=https://web.archive.org/web/20250708182944/https://www.bloomberglaw.com/public/desktop/document/OwensvAllyBanketalDocketNo324cv00811WDNCSep072024CourtDocket?doc_id=X5LVE5J58BA8CP8L7L86STUQPGQ |archive-date=8 July 2025 |access-date=25 Nov 2025 |website=Bloomberg Law}}</ref> claiming Ally did not properly secure customers' confidential information, such as Social Security numbers and auto account numbers. The suit also alleged that Ally failed to use computer software available for detecting and warding off cyberattacks, and other measures needed to protect the hardware of its systems. Additionally, customer notifications were sent only with long delay.<ref>{{Cite web |last=Rattigan |first=Kathryn M. |date=24 Oct 2024 |title=Ally Financial Faces Class Actions Over Data Breach |url=https://natlawreview.com/article/ally-financial-faces-class-actions-over-data-breach |url-status=live |archive-url=https://web.archive.org/web/20250708182935/https://natlawreview.com/article/ally-financial-faces-class-actions-over-data-breach |archive-date=8 July 2025 |access-date=25 Nov 2025 |website=The National Law Review}}</ref> Due to this data breach, customers' personal data was being stolen and sold on the dark web.<ref name=":0" />

Due to this data breach, customers' personal data was being stolen and sold on the dark web.<ref>https://news.bloomberglaw.com/ip-law/ally-breach-may-have-leaked-consumer-data-of-billions-suit-says</ref>

==See also==

~~https://www.ally.com/invest/~~

~~==See also==~~

*[[Ally Invest Securities]]

*[[Chase Bank]]

*[[PNC Bank]]

==References==

[[Category:Ally]]

[[Category:Articles requiring expansion]]

@@ Line 1: / Line 1: @@
-{{StubNotice}}{{InfoboxCompany
+{{StubNotice}}
-| Name = Ally Financial Inc.
+{{CompanyCargo
 | Type = Public
 | Founded = 1919
 | Industry = Financial services
-| Official Website = http://ally.com
+| Website = https://ally.com
 | Logo = Ally Financial Logo.svg
+| Description = Ally Financial is a US-based company offering banking, securities, and other financial services through its subsidiaries
 }}
 '''[[wikipedia:Ally_Financial|Ally Financial Inc.]]''' is a US-based company offering banking, securities, and other financial services through its subsidiaries such as Ally Bank, Ally Invest Advisers Inc. and [[Ally Invest Securities]] LLC.
@@ Line 18: / Line 19: @@
 ==Incidents==
-===2013 discrimination settlement===
+===Discrimination settlement (December 2013)===
-Due to Ally's discriminatory pricing system, more than 235,000 minority borrowers paid higher interest rates for their auto loans between April 2011 and December 2013. The [[wikipedia:Consumer_Financial_Protection_Bureau|Consumer Financial Protection Bureau]] (CFPB) and [[wikipedia:United_States_Department_of_Justice|Department of Justice]] (DOJ) ordered the company to pay $18 million in penalties and $80 million in damages to affected borrowers.<ref>https://www.consumerfinance.gov/about-us/newsroom/cfpb-and-doj-order-ally-to-pay-80-million-to-consumers-harmed-by-discriminatory-auto-loan-pricing/</ref><ref>https://www.consumerfinance.gov/about-us/blog/harmed-ally-borrowers-have-been-sent-80-million-in-damages/</ref>
+Due to Ally's discriminatory pricing system, more than 235,000 minority borrowers paid higher interest rates for their auto loans between April 2011 and December 2013. The [[wikipedia:Consumer_Financial_Protection_Bureau|Consumer Financial Protection Bureau]] (CFPB) and [[wikipedia:United_States_Department_of_Justice|Department of Justice]] (DOJ) ordered the company to pay $18 million in penalties and $80 million in damages to affected borrowers.<ref>{{Cite web |date=20 Dec 2013 |title=CFPB and DOJ Order Ally to Pay $80 Million to Consumers Harmed by Discriminatory Auto Loan Pricing |url=https://www.consumerfinance.gov/about-us/newsroom/cfpb-and-doj-order-ally-to-pay-80-million-to-consumers-harmed-by-discriminatory-auto-loan-pricing/ |url-status=live |archive-url=https://wayback.archive-it.org/23481/20250930143237/https://www.consumerfinance.gov/about-us/newsroom/cfpb-and-doj-order-ally-to-pay-80-million-to-consumers-harmed-by-discriminatory-auto-loan-pricing/ |archive-date=30 Sep 2025 |access-date=25 Nov 2025 |website=Consumer Financial Protection Bureau}}</ref><ref>{{Cite web |last=Ficklin |first=Patrice Alexander |date=29 Jan 2016 |title=Harmed Ally borrowers have been sent $80 million in damages |url=https://www.consumerfinance.gov/about-us/blog/harmed-ally-borrowers-have-been-sent-80-million-in-damages/ |url-status=live |archive-url=https://wayback.archive-it.org/23481/20250930035613/https://www.consumerfinance.gov/about-us/blog/harmed-ally-borrowers-have-been-sent-80-million-in-damages/ |archive-date=30 Sep 2025 |access-date=25 Nov 2025 |website=Consumer Financial Protection Bureau}}</ref>
-===Data breach===
+===Data breach (April 2024)===
-Ally Financial experienced a data breach in April 2024 that revealed the personal data of millions of its clients.<ref>https://news.bloomberglaw.com/ip-law/ally-breach-may-have-leaked-consumer-data-of-billions-suit-says</ref> A [[class action lawsuit]] had been filed by July 2024,<ref>https://www.bloomberglaw.com/public/desktop/document/OwensvAllyBanketalDocketNo324cv00811WDNCSep072024CourtDocket?doc_id=X5LVE5J58BA8CP8L7L86STUQPGQ</ref> claiming Ally did not properly secure customers' confidential information, such as Social Security numbers and auto account numbers. The suit also alleged that Ally failed to use computer software available for detecting and warding off cyberattacks, and other measures needed to protect the hardware of its systems. Additionally, customer notifications were sent only with long delay.<ref>https://natlawreview.com/article/ally-financial-faces-class-actions-over-data-breach</ref>
+Ally Financial experienced a data breach in April 2024 that revealed the personal data of millions of its clients.<ref name=":0">{{Cite web |last=Coyer |first=Cassandre |date=9 Sep 2024 |title=Ally Breach May Have Leaked Consumer Data of Billions, Suit Says |url=https://news.bloomberglaw.com/ip-law/ally-breach-may-have-leaked-consumer-data-of-billions-suit-says |url-status=live |archive-url=http://web.archive.org/web/20251018005936/https://news.bloomberglaw.com/ip-law/ally-breach-may-have-leaked-consumer-data-of-billions-suit-says |archive-date=18 Oct 2025|access-date=25 Nov 2025 |website=Bloomberg Law}}</ref> A [[class action lawsuit]] had been filed by July 2024,<ref>{{Cite web |date=25 Nov 2025 |title=Court Dockets |url=https://www.bloomberglaw.com/public/desktop/document/OwensvAllyBanketalDocketNo324cv00811WDNCSep072024CourtDocket?doc_id=X5LVE5J58BA8CP8L7L86STUQPGQ |url-status=live |archive-url=https://web.archive.org/web/20250708182944/https://www.bloomberglaw.com/public/desktop/document/OwensvAllyBanketalDocketNo324cv00811WDNCSep072024CourtDocket?doc_id=X5LVE5J58BA8CP8L7L86STUQPGQ |archive-date=8 July 2025 |access-date=25 Nov 2025 |website=Bloomberg Law}}</ref> claiming Ally did not properly secure customers' confidential information, such as Social Security numbers and auto account numbers. The suit also alleged that Ally failed to use computer software available for detecting and warding off cyberattacks, and other measures needed to protect the hardware of its systems. Additionally, customer notifications were sent only with long delay.<ref>{{Cite web |last=Rattigan |first=Kathryn M. |date=24 Oct 2024 |title=Ally Financial Faces Class Actions Over Data Breach |url=https://natlawreview.com/article/ally-financial-faces-class-actions-over-data-breach |url-status=live |archive-url=https://web.archive.org/web/20250708182935/https://natlawreview.com/article/ally-financial-faces-class-actions-over-data-breach |archive-date=8 July 2025 |access-date=25 Nov 2025 |website=The National Law Review}}</ref> Due to this data breach, customers' personal data was being stolen and sold on the dark web.<ref name=":0" />
-Due to this data breach, customers' personal data was being stolen and sold on the dark web.<ref>https://news.bloomberglaw.com/ip-law/ally-breach-may-have-leaked-consumer-data-of-billions-suit-says</ref>
+==See also==
-https://www.ally.com/invest/
-==See also==
+*[[Ally Invest Securities]]
+*[[Chase Bank]]
+*[[PNC Bank]]
 ==References==
 <references />
 [[Category:Ally]]
+[[Category:Articles requiring expansion]]