Violation Tracker Individual Record
Company:Ally Financial Inc.
Date:May 21, 2016
Offense Group:financial offenses
Primary Offense:toxic securities abuses
Ally Financial Inc. agreed to pay the United States $52 million to settle allegations that its subsidiaries acted improperly in relation to 10 subprime residential mortgage backed securities (RMBS) in 2006 and 2007.
Level of Government:federal
Action Type:agency action
Agency:U.S. Attorney-Central District of California
Civil or Criminal Case:civil
HQ Country of Parent:USA
HQ State of Parent:Michigan
Ownership Structure of Parent:publicly traded
Major Industry of Parent:financial services
Specific Industry of Parent:financial services
Source of Data:
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