Trump Organization Sues Capital One Over 2021 Account Closures

The lawsuit alleges political bias in the closures, while Capital One denies claims of wrongdoing.

The Trump Organization filed a lawsuit in Miami-Dade Circuit Court against Capital One for closing over 300 accounts in 2021, citing political and social motivations.
Eric Trump and other plaintiffs claim the closures caused millions in financial losses and disrupted operations across Trump-owned properties and businesses.
The lawsuit alleges the closures were part of a broader trend of 'debanking' entities with conservative political views, which the Trump Organization argues sets a dangerous precedent.
Capital One denies the allegations, stating it does not close accounts for political reasons and did not provide further comment on the lawsuit.
The Trump Organization is seeking monetary damages and a declaratory judgment, with Eric Trump suggesting similar legal action could follow against other financial institutions.