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Worth Noting

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Ally Financial Under the CFPB’s Microscope. The CFPB is investigating certain, unspecified retail financing practices of Ally Financial, the lender revealed in its 10-K filing with the Securities and Exchange Commission last week. “It is possible that this could result in actions against us,” the company said. A company spokesperson declined to elaborate. An official at the CFPB said, “We do not comment on or confirm investigations.” The probe could stem from the lender’s retail call centers, as Ally did away with its...
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