Trump Organization Sues Capital One – IOTW Report

Trump Organization Sues Capital One

Townhall-

The Trump Organization filed a lawsuit against Capital One bank, claiming the financial institution wrongfully closed several of its accounts following the January 6th Capitol riot. The organization argues that the closures were politically motivated, asserting that the bank acted in retaliation for its association with President Donald Trump. This legal action comes amid ongoing controversy surrounding the financial treatment of entities linked to Trump and his supporters, raising questions about whether banks discriminate against businesses based on political affiliations.

This week, Eric Trump confirmed the lawsuit filing, accusing Capital One of terminating over 300 accounts from the Trump Organization “without cause.” He called it a “clear attack” on the First Amendment and free enterprise. The lawsuit was filed in Florida state court and seeks unspecified damages.

The president’s son stated that the effort to “debank” his family’s organization began in 2021, despite Capital One continuing to do business with them for more than a decade, which was abruptly terminated once Trump’s first term ended that same year.  more

4 Comments on Trump Organization Sues Capital One

  1. I had a credit card with them. I canceled it when I starting reading about them debanking people for political reasons. They’re not the only bank I’ve ceased doing business with for the same reasons.

    What’s in my wallet? Not one of their cards.

    6
  2. Know your credit union. Read earlier today that Biden deposited Billions through many select credit unions. I know one was in Detroit and the list I read was mostly liberal cities.

Leave a Reply

Your email address will not be published.