Toyota Motor Credit Corp. has agreed to change its pricing and compensation practices and pay nearly $22 million to settle allegations it charged African-Americans and other minorities more than white borrowers for auto loans, federal regulators said Tuesday.

Under the agreement with the Consumer Financial Protection Bureau and the Justice Department, Toyota's financing arm will cut in half how much partnering dealerships can mark up the interest rate on a loan as compensation — an area where the CFPB has been cracking down.

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