Ally Financial Inc. (NYSE: ALLY) is a digital financial services company specializing in automobile loans. They were ...

Ally Financial Inc. reached a deal to offload its credit-card unit to CardWorks Inc., bowing out of a business it entered ...

Ally Financial Inc. (NYSE: ALLY) and CardWorks, Inc. today announced that they have entered into a definitive agreement for CardWorks, and its wholly-owned bank subsidiary, Merrick Bank, to acquire ...

Ally has agreed to sell the credit card business to the fintech firm Cardworks, which also owns the $3 billion-asset Merrick Bank, in a deal expected to close this year. Investors cheered Ally's ...

Ally Financial Inc.'s Q4 results alleviated some credit loss concerns, but has elevated delinquencies and an uncertain 2025 ...

A Record Number of Consumers Are Making Minimum Credit Card Payments As Delinquencies Also Rise ...

Ally Financial Inc. (NYSE:ALLY) also announced that it had reached an agreement with CardWorks, Inc. and its bank subsidiary, Merrick Bank, on the sale of Ally’s credit card business.

CEO Michael Rhodes said Ally "took significant action" in the quarter to improve its finances. The all-digital bank and auto loan provider also sold its credit card business to CardWorks.

Ally Financial announced an agreement to sell its credit card business to CardWorks, and its wholly-owned bank subsidiary, Merrick Bank. The card portfolio included $2.3 billion in credit card ...

Ally Financial Inc. (NYSE:ALLY) also announced that it had reached an agreement with CardWorks, Inc. and its bank subsidiary, Merrick Bank, on the sale of Ally’s credit card business.

Ally Financial (NYSE: ALLY ... As part of this, Ally is selling its $2.3 billion credit card portfolio to CardWorks and is no longer accepting new mortgage applications after Jan. 31.