Toyota Motor Credit Corporation Discrimination Settlement

Settlement Structure: Claims Made

Active: Closed

Closed Settlement Statement:

According to court documents, the claim submission deadline has passed. Please contact the claims administrator if you have any questions.

Case Summary:

Toyota Motor Credit Corporation (TMCC) has signed a Consent Order after an investigation by the Consumer Financial Protection Bureau and the Civil Rights Division of the Department of Justice. The two agencies were investigating allegations that TMCC violated the Equal Credit Opportunity Act by charging higher interest rates to African-American, Asian, and Pacific Islander car buyers than they did to non-Hispanic White buyers. TMCC will pay up to $21.9 million to repay buyers and will change its pricing and compensation systems to reduce incentive and discretion to mark up interest rates.

Docket Number:


Company: Toyota Motor Credit Corporation

Filing Deadline: May 8, 2018

Class Period: January 1, 2011 to August 1, 2016

Proof of Purchase:

If you received a notice, you do not need to provide proof. If you did not and must fill out an eligibility form, you will need to supply your TMCC account number or the last four digits of your Social Security number. Presumably company records will be used to verify claims.


You may be eligible if

  • You got an auto loan to buy a vehicle financed by TMCC between January 1, 2011 and August 1, 2016,
  • You or another buyer on your contract are African-American, Black, Asian, Native Hawaiian, or another Pacific Islander, and
  • You were identified by the government as having been overcharged by TMCC.

If you were not so identified, but believe you may have been overcharged, fill out an eligibility form at https://tmccsettlement.com/Content/Documents/Eligibility%20Form.pdf. You do not need to have an open account with TMCC to make a claim. You may still be eligible to make a claim if your account went into default or your vehicle was repossessed. 

Typical Settlement Amount:

Awards will depend on the number of valid claims submitted and other factors.

Total Settlement Amount: $21.9 million

Class Representative Proposed Incentive Fee:

Law Firm:
US Department of Justice

Claim Form: Toyota Motor Credit Corporation Settlement Claim Form

Case Name: United States ofAmerica v. Toyota Motor Credit Corporation

Settlement Website: Toyota Motor Credit Corporation Settlement Website

Claims Administrator:
Epiq Systems

Claims Administrator Contact Information:

Toyota Motor Credit Corporation Settlement
Settlement Administrator
P.O. Box 3775
Portland, OR 97208-3775
Phone: 1-844-778-5953
Fax: 1-844-840-0630

Tags: Civil Rights, Racial Discrimination, Unlawful Practices