Capital One closed more than 300 Trump-affiliated bank accounts in 2021 after an "anti-money laundering" probe, the company revealed in a new court filing. The filing was in response to a lawsuit accusing Capital One of "debanking" President Donald Trump, his family and his business interests for political reasons. Capital One has long denied the accusations, but the bank had never publicly stated why it closed the accounts before Friday’s court filing. The filing was in response to a lawsuit accusing Capital One of "debanking" President Donald Trump, his family and his business interests for political reasons. Capital One has long denied the accusations, but the bank had never publicly stated why it closed the accounts before Friday’s court filing. Capital One says it closed hundreds of bank accounts tied to the Trump Organization in 2021 following an "anti-money lau…
According to Reuters, the disclosure was made Friday in a court filing, as Capital One seeks to dismiss a lawsuit accusing it of "debanking" the Trump Organization over "woke" beliefs after the Jan. In March 2021, Capital One notified the Trump Organization that it was closing more than 300 bank accounts tied to Trump, his family and his businesses. Four years later, after Trump took office for a second term, the Trump Organization and Eric Trump sued Capital One for closing the accounts. They alleged Capital One closed the accounts because of the political mood and deliberately targeted the Trump family. RELATED: Trump says he'll restore Anti-Weaponization Fund if GOP holdouts reject Blanche A federal judge has tossed two complaints in the Capital One case, but gave the Trump Organization time to file an amended complaint, which it did in July. "Capital One never pub…