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This settlement is closed!
Please see what other class action settlements you might qualify to claim cash from in our Open Settlements directory!
Ally Financial has agreed to pay nearly $20 million to end a class action lawsuit alleging the company misled consumers financing vehicle purchases through them.
Under the terms of the Ally Financial class action settlement, Class Members can be reimbursed for the allegedly hidden fees they paid under vehicle finance plans through Ally.
The Ally Financial class action settlement will end allegations that the company hit consumers with hidden fees as a part of lease-to-purchase agreements called “SmartLease Contracts.”
The plaintiffs claimed the Ally Financial violated the Consumer Leasing Act because it hit consumers with fees if they decided to purchase the vehicle at the end of their SmartLease Contract.
According to the Ally Financial class action lawsuit, these fees were not described in the SmartLease Contract that consumers agreed to when they started the lease agreement with Ally Financial.
Class Members, under the Ally Financial class action settlement, include those in the United States who were hit with dealer or documentary fees not included in their SmartLease Contracts.
According to the settlement agreement, affected SmartLease Contracts go back as far as June 4, 2009 through June 18, 2018.
The company admits no liability under the terms of the Ally Financial class action settlement.
Class Members who wish to object or exclude themselves from the Ally Financial class action settlement must do so by Aug. 31, 2018.
Who’s Eligible
Class Members include those who leased a motor vehicle pursuant to a SmartLease Agreement that was assigned to Ally Financial Inc., then purchased the vehicle under the terms of the lease between June 4, 2009 and June 18, 2018 and were assessed a “Documentary” or “Dealer” fee.
Please note the following predecessors in interest and affiliated companies: General Motors Acceptance Corporation, GMAC LLC, GMAC Inc., GMAC Automotive Bank, Ally Bank, Ally Bank Lease Trust and Ally Financial Lease Trust.
Potential Award
Varies depending on the fees paid.
“Each Settlement Class Member who timely returns a valid Claim Form (‘Claimant’) shall receive a payment (‘Settlement Payment’) equal to one hundred percent (100%) of the Documentary or Dealer Fee that was charged in connection with the lease-end transaction pursuant to a purchase option provision in his/her SmartLease Agreement,” the Ally Financial class action settlement agreement states.
If claims and settlement costs exceed the $19.7 million settlement fund, awards will be adjusted on a pro rata basis.
Proof of Purchase
Class Member ID from Claim Form.
Claim Form
NOTE: If you do not qualify for this settlement do NOT file a claim.
Remember: you are submitting your claim under penalty of perjury. You are also harming other eligible Class Members by submitting a fraudulent claim. If you’re unsure if you qualify, please read the FAQ section of the Settlement Administrator’s website to ensure you meet all standards (Top Class Actions is not a Settlement Administrator). If you don’t qualify for this settlement, check out our database of other open class action settlements you may be eligible for.
Claim Form Deadline
2/28/2019 UPDATED
The Claim Form deadline is 90 days after the date of the final approval of the settlement agreement. If no objections or appeals are filed, then the deadline should be 90 days from the final hearing which is Jan. 9, 2019.
Case Name
Schreiber v. Ally Financial Inc., Case No. 1:14-cv-22069, in the U.S. District Court for the Southern District of Florida
Final Hearing
10/11/2018
UPDATE: The Ally Financial Hidden Auto Leasing Fees Class Action Settlement was granted final approval on October 11, 2018. Claims will not be paid until after the claim deadline. Let Top Class Actions know when you receive a check in the comments section below or on our Facebook page.
UPDATE: On November 13, 2018, a notice of appeal to the Ally Financial Hidden Auto Leasing Fees Class Action Settlement was filed. Claims will not be paid until all appeals are exhausted. We appreciate your ongoing patience. Top Class Actions will continue to provide updates as we learn more.
UPDATE: On November 30, 2018, the appeal to the Ally Financial Hidden Auto Leasing Fees Class Action Settlement was dismissed. Claims will not be paid until after the claim deadline. Let Top Class Actions know when you receive a check in the comments section below or on our Facebook page.
Settlement Website
Claims Administrator
Schreiber v. Ally Financial, Inc.
c/o Heffler Claims Group
PO Box 7528
Philadelphia, PA 19101-7528
1-844-702-2784
Class Counsel
PODHURST ORSECK PA
BARON & BUDD PC
Defense Counsel
BALLARD SPAHR LLP
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77 thoughts onAlly Financial Hidden Auto Leasing Fees Class Action Settlement
STILL NO PAYMENTS, THIS WAS A SCAM! BUZKILL
This was a scam!!!! I cannot believe that nobody received a check. We received the claim form in the mail, got all the paperwork together and sent it in, it’s February 2021 and never heard anything about the checks!!!!!!
In October 2018 I submitted two claim forms under the Schreiber v Ally Financial Inc
class action lawsuit. My Class Member ID # is 309791BWPZT4X.
I never received an acknowledgement of the claim filing, nor have I received any settlement money or any further corresponence on the claim since that date.
Can you tell me the status of my claim?
I leased a Jeep Grand Cherokee in 2014 for 38 months. I had a Smart Lease through Ally that was offered at the Jeep Dealership. I turned in my car early and had over mileage. I paid a $1100 additional (settlement from $1500 that was due with all of the additional fees). I paid this and receive a Paid in Full letter. Ally has continued to report negative payment information. They sent me a letter that I did not pay the amount (I sent them a cancelled check for $1100). They have put me in collection with 2 different companies and I continue to get debt collection calls daily and my credit has been negatively reported. I have saved everything including the collection calls from Ally, Ally Collection and not Northstar collection. I understand that the Class Action suit was settled, however not sure if this is a separate matter and or could cause a class action suit. Please email me. Thank you.
I forgot all about this, then cleaning out some things I found the paperwork. Is it to late for me to do anything about the class action suit?
I been sent in documents and havent heard anything yet
Has anyone heard from or received their checks?
Their website said the checks should be mailed in August??!!??
Have the checks been mailed? I’m not finding any info if they have. I received a notice in the mail and filed my claim with my claim number.