U.S. Treasury says pay will not increase for Ally Financial CEO

02/04/2014 - 21:32

WASHINGTON (Reuters) - The Obama administration is holding the total compensation unchanged this year for the head of bailed-out auto lender Ally Financial , the Treasury Department said on Wednesday.

"The CEO compensation package payable by Ally Financial has not increased," the Treasury said in a statement, adding that the overall amount of compensation for the company's chief executive officer has been unchanged since 2010.

(Reporting by Jason Lange; Editing by James Dalgleish)