UPDATE 1-Ally pays off remaining debt issued under U.S. program

Newswire

By Rick Rothacker Dec 19 (Reuters) - Ally Financial Inc, the U.S. auto lender 74-percent owned by the U.S. government, on Wednesday said it repaid its remaining debt issued under a financial-crisis-era program, the latest step in its effort to reimburse taxpayers. The former auto lending arm of General Motors Co said it paid back $4.5 billion in debt guaranteed by the Federal Deposit Insurance Corp's Temporary Liquidity Guarantee Program (TLGP). ...

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