Capital One Seeks Dismissal of Trump Organization Debanking Suit
Capital One says an internal anti-money-laundering review led to the 2021 closures and that the Trump Organization has not shown political discrimination.
- On Friday, Capital One Financial Corp. asked a Miami federal court to dismiss the Trump Organization's lawsuit, asserting it closed more than 300 accounts for anti-money laundering reasons following an internal review.
- The Trump Organization and Eric Trump, the president's son, sued in March 2025, alleging the bank shuttered more than 300 accounts due to 'woke' beliefs after the January 6, 2021 riot.
- Capital One maintains the closures resulted from 'transaction patterns' flagged by federal banking guidance, noting the decision involved professionals 'with decades of law enforcement experience.'
- A Miami federal judge has dismissed two previous complaints in the case, and Capital One argues the latest version, filed in July, 'suffers from the same fundamental flaws as their prior two pleadings.'
- This litigation follows a wave of similar lawsuits against JPMorgan Chase, as the Trump administration signed an August 2025 executive order barring discriminatory debanking.
42 Articles
42 Articles
Capital One AML Defense Shakes Trump Lawsuit
By: Paul Goldberg - Senior Correspondent | LGBT Business Finance News MIAMI, FL — (August 2, 2026) — Capital One has asked a federal court to dismiss the Trump Organization's lawsuit over the closure of more than 300 bank accounts, arguing that the decision followed an extensive internal anti-money laundering (AML) review rather than political [...] The post Capital One Drops Bombshell AML Defense in Trump Organization Banking Lawsuit appeared f…
Closed Trump Organisation accounts after anti-money laundering probe: Capital One
Capital One has told a federal court it closed more than 300 Trump Organisation accounts after an anti-money laundering review. The filing places the dispute at the centre of a wider US row over alleged politically motivated debanking.
Capital One says Trump Organization bank accounts closed after money laundering probe
Capital One says it closed hundreds of bank accounts tied to the Trump Organization after an “anti-money laundering" probe, not for political reasons as alleged by President Trump.
Coverage Details
Bias Distribution
- 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
