With federal regulators asking finance companies to provide consumers with more resources to manage their vehicle installment contracts and more, Ally Financial added three enhancements to its offering.

At the National Association of Minority Automotive Dealers (NAMAD) annual convention on Wednesday, Ally announced that its auto consumers will soon have easier access to important account and credit information online.

Beginning July 19, Ally will add customers’ annual percentage rate (APR) to their online account profiles and provide them their FICO score.

The company has also launched a secure email feature on the site to help customers send and receive account information and documents quickly and safely.

Officials highlighted all three new features reflect Ally’s customer-centric approach and commitment to providing greater transparency for consumers with regard to their account and credit information.

Ally’s decision to provide FICO scores for customers was announced earlier this year at President Obama’s BuySecure event, and is an important step in helping consumers monitor their credit health. Ally has also added tips and information to its financial literacy resources that explain the significance of a consumer’s FICO Score and how it impacts the auto finance process.

“In the digital world, having the tools to manage and monitor finances has become increasingly important for many consumers,” said Tim Russi, president of auto finance at Ally.

“By offering direct access to their FICO scores and APR within their online accounts, Ally is adding a new level of transparency, and making it easier and faster for them to access their account details and credit information,” Russi continued.

According to Experian Automotive's first-quarter data, Ally held the No. 2 market share spot at 5.26 percent of all outstanding contracts. 

Ally customers will be able to access their APR, FICO score, and secure email by logging into their existing auto online account or creating an online account at https://www.ally.com/auto/.

For more information on the impact that a FICO score can have on APR, and additional tips and resources on the car buying process, consumers can visit Ally’s Wallet Wise website at www.allywalletwise.com. Educational courses on budgeting, credit, banking and investing are also available through Wallet Wise.