Articles by tag - aba

Last week, the American Bankers Association sent a letter to Sheila Bair, the Chairwoman of the FDIC complaining about the high rates offered by Ally Bank (formerly GMAC). Today, Ally Bank sent its rebuttal.
Posted on June 01, 2009 by
The American Banker's Association sent a ltter to the FDIC's Sheila Bair on May 27th, requesting the agency take action to force Ally Bank to lower its rates. They claim Ally Bank is acting irresponsibly by offering above market rates. I don't see the ABA sending letters to agencies when banks raise the rates on their credit cards to usurious levels.
Posted on May 29, 2009 by

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