Articles by tag - gmac

General Motors Acquires AmeriCredit to Help Finance Less-Creditworthy Consumers
General Motors just finalized the deal to buy AmeriCredit, in order to help provide credit for high-risk borrowers. If you have a lowered credit score because of a few late payments, this could help you get financed for a GM vehicle.
Posted on July 23, 2010 by
FDIC Makes Ally Bank Loan Guarantees Dependent on Deposit Rates
Caving in to the American Banker's Association, the FDIC has stipulated that the amount of loan debt it provides Ally Bank will be dependent on the deposit rates it offers. We've already seen Ally Bank lower its rates once after the ABA letter and I suspect we'll see more reductions in the future.
Posted on June 11, 2009 by
How GM Bankruptcy Filing Impacts GMAC and Ally Bank
GMAC today issued a statement commenting on the filing of its once parent corporation General Motors. The statement shows that while the financing company does have exposure to GM, the terms of the bankruptcy will hopefully minimize any losses.
Posted on June 01, 2009 by
GMAC Converted to Bank Holding Company; Good News for GMAC Bank
The Fed today made a special exemption and allowed GMAC to become a bank holding company, giving it access to TARP funds. That means that GMAC bank customers do not have to worry about the parent company defaulting.
Posted on December 26, 2008 by
GMAC Bank
Please post your comments and questions about GMAC Bank here.
Posted on September 26, 2008 by

Financial Video

Hard Ways to Earn Money: Babysitting Nightmare - Find out the easier way to save and earn more.
Posted on February 17,2012
Municipal Bond Market Review - Feb 2010 (Part I)
Posted on December 16,2010

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