Trump Org Sues Capital One For Closing Its Accounts

The New York Times reports:

President Trump’s family business sued Capital One on Friday for “unjustifiably terminating” more than 300 of its bank accounts after the Jan. 6, 2021, attack on the Capitol, the latest sign that the president and his allies are seeking retribution against those who once shunned them.

In a complaint filed in state court in Florida, the Trump Organization accused the bank of arbitrarily closing its accounts in June 2021 in violation of various consumer protection laws. The accounts held millions of dollars at the time, according to the lawsuit.

“By filing this lawsuit, we seek to hold Capital One accountable for the millions of dollars in damages they caused, not just to our company, but to the many dozens of properties, hundreds of tenants and thousands of Trump Organization employees who relied on these accounts for their livelihoods,” the company said in a statement.

Read the full article.

The Trump Organization is now suing Capital One for “debanking” the company after the Jan 6 attack. The Trump White House, however, dropped the $2 billion consumer fraud lawsuit the CFPB filed against the bank in the final weeks of the Biden administration pic.twitter.com/8gpxR1oFxM

— Roger Sollenberger (@SollenbergerRC) March 7, 2025