Goldman, JPMorgan Chase, GMAC, Bank of America, et al have all been accused of hiring less than stellar staff to review foreclosure cases and using robo-notary signatures to speed up the process.

FORBES: The Banks' Herd Mentality On Foreclosures

Several of the nation's financial giants, including Bank of America, Allied Financial, JPMorgan Chase and GMAC, have halted foreclosures, although Bank of America and GMAC announced they are resuming the process.

CNN: Are some law firms cutting corners on foreclosures?

In May, GMAC changed its bank's name to Ally Bank--as in friend, or confidante.

FORBES: Magazine Article

Dodd says there are "alternatives" to forcing lawmakers to craft last-minute legislation, such as the Treasury making money immediately available to auto companies, or the Fed approving applications from Chrysler Financial and GMAC to become bank holding companies.

FORBES: Magazine Article

On Dec. 24, the Federal Reserve said it would allow GMAC to become a bank holding company, an action that permits it to receive TARP funds.

FORBES: Magazine Article

With a 1.35% annual yield, Sallie Mae is looking to pick the pockets of established online-account players like Capital One and Ally Bank (the new business name of GMAC), which respectively offer yields as high as 1.45% and 1.39%.

FORBES: Sallie Mae Jumps Into Online Banking

Now it's lenders like GMAC, which eliminated 269 jobs in the Los Angeles area during the quarter, and Bank of America, which notified the state of plans to lay off 133 workers in Fremont by July.

FORBES: Magazine Article

The lawsuit named Community Bank of Northern Virginia and Guarantee National Bank of Tallahassee, which were involved in originating the loans, as well as PNC Financial and GMAC (now Ally Financial), who were accused of buying the loans with knowledge they had illegally high fees rolled into them.

FORBES: Class-Action Foodfight Goes Back To Judge For 2nd Try

Thursday, GMAC Financial Services, which provides financing for vehicle loans and mortgages, filed with the Federal Reserve to become a bank-holding company.

FORBES: Magazine Article