Ally reaches settlements with FHFA, FDIC

10/30/2013 | Reuters

Ally Financial has indicated that it will pay $170 million to settle lawsuits by the Federal Deposit Insurance Corp. and the Federal Housing Finance Agency over allegedly misleading statements it made about its mortgage-backed securities. "These settlements are key steps in Ally addressing its remaining legacy mortgage risks," Ally CEO Michael Carpenter said in a statement.

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