Ally Financial to Sell $2.3B Credit Card Portfolio to CardWorks
Wednesday, February 5, 2025
(0 Comments)
Posted by: Sierra Lindemann
Ally Financial has announced the sale of its $2.3 billion credit card portfolio, comprising 1.3 million active accounts, to CardWorks and its subsidiary, Merrick Bank. The transaction is expected to close in 2025, following customary approvals.