DaimlerChrysler settled a New Jersey federal class action lawsuit accusing its automobile financing division of having a policy or practice that resulted in African-Americans and Hispanics paying more for loans than white customers, in violation of the Equal Credit Opportunity Act (ECOA). Under the terms of the settlement, DaimlerChrysler agreed to limit the amount of markup on certain automobile loans, disclose to consumers that loan rates can be negotiated with the dealer, contribute $1.8 million for consumer education programs on credit financing directed to African-American and Hispanic communities, and offer 875,000 pre-approved, no mark up offers of credit to African-Americans and Hispanics. DaimlerChrysler also agreed to reimburse plaintiffs for attorney fees and other costs and expenses.