Ally Financial Returns $5.9 Billion to U.S. Today, Treasury SaysIan Katz
Ally Financial Inc., the auto lender bailed out by U.S. taxpayers, repaid the government $5.9 billion today, the Treasury Department said.
Taxpayers have been repaid $12.3 billion, or more than 70 percent of the investment provided under the Troubled Asset Relief Program, according to a Treasury statement today. The Federal Reserve said Nov. 15 that it doesn’t object to a revised capital plan submitted by Detroit-based Ally.
Ally said in August that it planned to pay the Treasury the $5.9 billion.