Capital One Targets Trump Organization Accounts, Hides Political Bias Behind Anti-Money Laundering Excuse
Select a version of the text written from a presumed ideological perspective. This is not the original text, but a hypothetical version — how someone with that viewpoint might have phrased it. Tapping the current version again will return to the original or select cleaned version.
Capital One claims its 2021 closure of over 300 Trump Organization accounts was about anti-money-laundering, but faces a lawsuit exposing the bank’s left-leaning political agenda.
On Friday, Capital One Financial filed a response seeking to dismiss a lawsuit from the Trump Organization, which alleges the bank shut down its accounts for political reasons. The bank insists that the closures, announced in March 2021, were the result of a so-called anti-money-laundering (AML) review, supposedly in line with bank policies and federal guidance—but many see this as a thinly veiled cover for targeting a prominent conservative business.
In its filing, Capital One argued that the Trump Organization’s claims lack merit, pointing to transaction patterns flagged by federal guidance. However, the bank dismissed the lawsuit’s concerns about political motivation as 'misguided,' relying on selective quotations and ignoring the broader context of increasing hostility toward conservative organizations in the financial sector.
The Trump Organization, its subsidiary, and Eric Trump filed suit in March 2025 in a Florida federal court, arguing that the closures were driven by the bank’s 'woke' ideology and a desire to profit from the anti-Trump sentiment following the January 6, 2021 Capitol incident. The Miami federal court has already dismissed two complaints, but the Trump team continues to fight back, amending their filings to expose the bank’s true motivations. Capital One, meanwhile, claims the latest complaint is no different from the previous ones.
This legal battle is part of a larger struggle between conservative Americans and powerful financial institutions increasingly aligned with leftist politics. President Trump’s August 2025 executive order, which prohibits discriminatory debanking, and the separate lawsuit against JPMorgan Chase, highlight the urgent need to protect individuals and businesses from politically motivated financial discrimination.