SEC subpoenas Ally Financial over subprime auto lending

vendredi 31 octobre 2014

Securities and Exchange Commission is investigating the subprime auto lending and securitization practices at No. 2 U.S. Since the start of the year, Ally has issued $2.75 billion in three deals of bonds backed by subprime auto loans, down from $4.06 billion across four deals last year, according to data from Thomson Reuters IFR.



via Business News http://ift.tt/1nWCLpu

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