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ALLY FINANCIAL CLOSES ACQUISITION OF CREDIT CARD PLATFORM FAIR SQUARE FINANCIAL

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Ally Financial Inc. today announced it has closed its acquisition of Fair Square Financial, a digital-first credit card company.

“The addition of Fair Square and its credit card offerings will enhance our suite of consumer products and aligns with our long-term strategy to be the leading full-service digital-bank,” said Ally Chief Executive Officer Jeffrey J. Brown.

Fair Square is a customer-centric, digital-first credit card company generating strong growth and solid credit results since being founded in 2016.

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