Eric Trump’s new lawsuit against Capital One Bank reveals shocking allegations of politically motivated account closures targeting Trump-owned businesses, potentially setting a dangerous precedent for how banks treat customers based on political affiliations.
We knew anti-conservative banking practices were real – and Eric Trump is proving it.
At a glance:
• Eric Trump is suing Capital One for closing over 300 accounts tied to Trump-owned businesses in 2021
• The lawsuit claims the closures were politically motivated and happened just two months after the January 6 Capitol riot
• Trump businesses received notice on March 8, 2021, giving them until June to transfer millions of dollars
• Eric Trump alleges the “woke debanking” caused significant financial damage to the Trump Organization
• Capital One denies closing customer accounts for political reasons
Trump Organization Takes Legal Action Against “Woke” Banking Practices
Eric Trump has filed a lawsuit against Capital One Bank, accusing the financial giant of terminating hundreds of accounts held by Trump-owned businesses due to political bias rather than legitimate business concerns. The legal action, filed in a Miami-Dade courthouse, seeks to hold the bank accountable for what Trump describes as “woke debanking” that has caused millions of dollars in damages to Trump Organization properties.
And the results of this lawsuit won’t just be good for the Trumps – it’ll be good for conservatives everywhere.
According to the lawsuit, the Trump businesses received notice on March 8, 2021, that Capital One would be closing their accounts containing millions of dollars. The timing is significant as it came just two months after the January 6 Capitol protests, suggesting the decision may have been influenced by the political climate rather than standard banking practices.
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
Financial Damage and Broader Conservative Concerns
The lawsuit details how the account closures have impacted not just the Trump Organization but also its many properties, employees, and tenants.
“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,” Eric Trump stated.
The bank reportedly gave the Trump businesses until June to make alternative arrangements before terminating the accounts completely. Initially, no specific reason was provided for the closures, though the lawsuit claims it was later attributed to political beliefs and social considerations rather than legitimate business factors.
“Businesses should not be targeted or punished for their political affiliations. The actions taken by Capital One and other major financial institutions represents a dangerous precedent that could threaten the operations of countless businesses across the nation, particularly those with a strong and independent voice,” Eric Trump added.
Trump Organization sues Capital One for closing bank accounts after January 6 riot | Misty Severi, Just The News
The Trump Organization on Friday sued Capital One bank for allegedly closing hundreds of its accounts in the aftermath of the January 6 riot in 2021.
The bank… pic.twitter.com/EoSVErOAWc
— Owen Gregorian (@OwenGregorian) March 8, 2025
Growing Concerns About Political Discrimination in Banking
The lawsuit highlights “debanking” as a growing issue affecting conservatives across America, with some Republican lawmakers already taking action. Senator Tim Scott has introduced the Financial Institution Regulation Modernization Act (FIRM Act) to restrict banks from closing accounts based on reputational or political concerns.
Capital One has firmly denied the allegations made in the lawsuit, with a spokesperson stating: “Capital One has not and does not close customer accounts for political reasons.”
This denial contradicts the claims made by Eric Trump and raises questions about the true motivations behind the mass account closures of Trump-owned businesses.
We’ll all be rooting for Team Trump on this one.
