Ally Financial Inc. is settling lawsuits brought by federal regulators over mortgage-backed securities sold during the financial crisis as the government-owned auto lender takes another step toward putting litigation woes behind it, Dow Jones Daily Bankruptcy Review reported today. The Detroit-based company said yesterday that it will take a $170 million charge in the third quarter in connection with the settlements with the Federal Deposit Insurance Corp. and Federal Housing Finance Agency, the regulator for government-backed mortgage-finance firms Freddie Mac and Fannie Mae.
