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WASHINGTON—The CFPB took another step in its crackdown on buy-rate financing, resolving an enforcement action with Toyota Motor Credit Corp. that will include the carmaker’s financing arm paying up to $21.9 million in restitution to minority borrowers.

LAKE FOREST, Ill.—The CFPB’s warning to banks and credit unions about their checking account “obligations” is actually good news, according to one economist, who says the move indicates the Bureau is letting FIs police their own checking offerings and is also turning away from a sharp focus on overdrafts.

WASHINGTON—As expected, the Federal Open Market Committee voted yesterday not to raise rates, but again indicated it expects to do so throughout 2016.