Trump Organization Sues Capital One Over Alleged Politically Motivated Account Closures

The lawsuit claims Capital One closed over 300 Trump-linked accounts in 2021, while the bank denies political motivations.

The Trump Organization has filed a lawsuit against Capital One, alleging the bank closed hundreds of its accounts due to politically motivated reasons.
Eric Trump, Executive Vice President of the Trump Organization, stated that over 300 accounts tied to Trump-related businesses were terminated without justification in 2021.
The lawsuit accuses Capital One of acting on 'woke' beliefs to distance itself from President Trump and his conservative views, which the bank denies.
Capital One is simultaneously seeking regulatory approval for a merger with Discover Financial Services, which would create the largest U.S. credit card lender.
The case raises broader questions about potential political bias in the banking sector and could set a precedent for similar lawsuits.