GMAC Bank is now Ally Bank
GMAC Financial Services is switching to a new name: Ally Bank.

GMAC Financial Services are known for their auto loans and today they have announced that they will be calling themselves Ally Bank as well, although Ally Bank is still a unit of GMAC. Why the name change? Chief Executive Al de Molina said:
“We are launching a new brand with a new approach of treating customers with total transparency, unlike other banks which depend on fees as a business model, we want to make money with customers, not off customers.”
That’s the news on Ally Bank.
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