Overview

• The Trump Organization has filed a lawsuit in Florida state court against Capital One, alleging the bank closed hundreds of accounts due to political bias in March 2021.
• Eric Trump, representing the organization, claims the closures affected accounts tied to various Trump business ventures, citing significant financial damages and operational disruptions.
• Capital One has denied the allegations, stating that it does not terminate customer accounts for political reasons.
• The lawsuit highlights broader concerns about potential political discrimination by financial institutions, a trend the Trump Organization aims to challenge publicly.
• This legal action coincides with Capital One's efforts to secure regulatory approval for a major merger with Discover Financial Services, which could be impacted by the lawsuit.