The Trump family is striking back against what they see as politically-motivated financial targeting, as Eric Trump leads a major lawsuit against one of America’s largest banks for allegedly closing hundreds of Trump business accounts.
Conservative debanking is real, and the Trump family is stopping it.
At a glance:
• Eric Trump has filed a lawsuit against Capital One for closing over 300 Trump-owned business accounts in 2021
• The Trump Organization received notice on March 8, 2021, that their accounts containing millions of dollars would be terminated
• The lawsuit alleges the closures were politically motivated, coming just two months after the January 6 Capitol riot
• Capital One denies closing accounts for political reasons, while Eric Trump claims significant financial damage resulted
• The case highlights the growing conservative concern about “de-banking” based on political viewpoints
Trump Organization Takes Legal Action Against “Woke Banking”
Eric Trump has launched a significant legal battle against Capital One on behalf of businesses owned by President Donald Trump, alleging political discrimination led to the closure of hundreds of accounts. The lawsuit, filed in a Miami-Dade courthouse, claims the banking giant terminated over 300 accounts belonging to Trump-owned entities in 2021 without valid business justification.
According to court documents, the Trump Organization received notice on March 8, 2021 – just two months after the January 6 Capitol riot – that Capital One would be closing accounts containing millions of dollars. Initially, Capital One provided no explanation for the account closures, though the lawsuit alleges it was later attributed to the Trumps’ political beliefs.
Today, the Trump Organization filed a lawsuit in Miami-Dade County against @CapitalOne to hold the bank accountable for their egregious conduct in unjustifiably terminating over 300 of the company’s bank accounts without cause, in 2021.
The decision by Capital One to “debank”…— Eric Trump (@EricTrump) March 7, 2025
Eric Trump Demands Accountability For Alleged Political Discrimination
The President’s son is seeking to hold the financial institution accountable for what he describes as “woke” behavior that caused substantial harm to Trump businesses and employees. The bank reportedly gave the Trump Organization until June to make alternative arrangements before permanently terminating the accounts.
“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,” said Eric Trump.
The lawsuit frames the issue as part of a broader concern conservatives have labeled “de-banking,” where financial institutions close accounts due to perceived reputational risks rather than legitimate business considerations. Senator Tim Scott has introduced legislation called the FIRM Act to restrict financial institutions from closing accounts for reputational reasons.
Capitol One terminated over 300 bank accounts of the Trump Organization.
The bank claims it "has not and does not close customer accounts for political reasons."
If it wasn’t political, then what was it? Debanking over political beliefs is un-American and must be stopped! https://t.co/Jg1YwCvjGL
— Lance Gooden (@Lancegooden) March 9, 2025
It’s about time someone did something about this insanity.
Bank Denies Political Motivation As Debate Over Financial Discrimination Grows
Capital One has firmly denied the allegations, with a spokesperson stating: “Capital One has not and does not close customer accounts for political reasons.” The bank’s denial comes as the lawsuit has ignited further debate about the intersection of politics and financial services.
The lawsuit alleges significant financial damage to the Trump Organization and its stakeholders as a result of the account closures. The legal action seeks compensation for damages and aims to establish protections against what Trump’s legal team characterizes as discrimination based on political affiliation in the banking sector.
They can deny it all they like, but conservatives all over the country have been reporting this madness for years now.
