(Bloomberg) Ally Financial Inc. announced fourth-quarter results that topped analysts’ estimates and said it will sell a point-of-sale financing business that includes $2.2 billion of loan receivables to Synchrony Financial.Most Read from BloombergYouTube and Spotify Won’t Launch Apple Vision Pro Apps, Joining NetflixFord Cuts Workforce Making Electric F-150s on Weak DemandPutin Orders Hunt for Property of Russian Empire, Soviet UnionBlinken’s Return From Davos Was Delayed After Plane Broke D
Toyota Motor Credit Corporation has been ordered to pay $60 million for “operating an illegal scheme to prevent borrowers from cancelling product bundles that increased their monthly car loan payments.”
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