Item 7.01 Regulation FD Disclosure.
A copy of a press release announcing the share-repurchase authorization and
dividend declaration described under Item 8.01 below is attached as Exhibit
99.1.
The information included within Exhibit 99.1 is being furnished and is not
deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act
of 1934, as amended, or otherwise subject to the liabilities of that Section.
Item 8.01 Other Events.
On January 11, 2021, the Ally Financial Inc. (Ally) board of directors
authorized the repurchase of up to $1.60 billion of Ally's common stock from
time to time beginning in the first quarter of 2021 through the fourth quarter
of 2021.
The repurchase program enables Ally to acquire shares through open market
purchases or privately negotiated transactions, including through a Rule 10b5-1
plan, at the discretion of management and on terms (including quantity, timing,
and price) that management determines to be advisable. Actions in connection
with the repurchase program will be subject to various factors, including Ally's
capital and liquidity positions, accounting and regulatory considerations
(including any restrictions that may be imposed by the Federal Reserve), impacts
related to the Coronavirus disease 2019 pandemic, Ally's financial and
operational performance, alternative uses of capital, the trading price of
Ally's common stock, and general market conditions. The repurchase program does
not obligate Ally to acquire a specific dollar amount or number of shares and
may be extended, modified, or discontinued at any time.
Additionally, the Ally board of directors declared a quarterly cash dividend of
$0.19 per share of the company's common stock, payable on February 12, 2021 to
stockholders of record on February 1, 2021.
Item 9.01  Exhibits.
Exhibit No.          Description of Exhibits

99.1                   Press Release    , dated January 12, 2021
                     The cover page from this Current Report on Form 8-K, formatted in Inline
104                  XBRL

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