Synchrony completed the acquisition of the point of sale financing business of Ally Financial.

Synchrony, a premier consumer financial services company, completed the acquisition of the point of sale financing business of Ally Financial, a financial services company. Financial terms were not disclosed. "We are pleased to welcome the Ally Lending team to our Synchrony family. The combination of their industry knowledge, flexible financing solutions and customer-focused mindset paired with Synchrony's multi-product strategy will provide more choice to our consumers and help our merchants grow. This is a significant and exciting growth opportunity for Synchrony, and we look forward to using our expertise to scale the business," Curtis Howse, Synchrony CEO of Home & Auto.