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Capital One $425 million settlement with depositors should be rejected, US states say

Published: September 24, 2025 18:01

A bipartisan group of 18 U.S. states told a federal judge that Capital One's $425 million settlement with depositors who felt cheated out of high interest rates should be rejected, because it lets the bank continue short-changing customers.

US new home sales jump to more than 3-1/2-year high; economists dismiss rise as a fluke

Published: September 24, 2025 14:14

Sales of new U.S. single-family homes surged to the highest level in more than 3-1/2 years in August, but that likely exaggerates the housing market's health, and a weakening labor market could limit the boost from falling mortgage rates.