This move aligns with Ally's mission to focus on its core services, including approximately 10 million customers in banking, ...

Plans for the sale were hinted at earlier this year, a month after the CEO said the business wasn’t within Ally’s core focus.

CardWorks agreed to buy the business, including a $2.3 billion credit-card loan portfolio with 1.3 million active cardholders ...

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

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 ...

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.

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’s fourth-quarter auto originations climbed year over year as the bank prioritized its auto lending business.

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 ...