Trump Family Sues Capital One Again Over Account Closures

The Trump family has filed a fresh lawsuit against Capital One, claiming the bank shut down hundreds of accounts linked to the president’s businesses after the January 6 events. The new complaint, submitted by Eric Trump for the Donald J. Trump Revocable Trust, says the bank acted because of the political climate in early 2021. It drops the earlier “woke” language and instead points out that lawmakers from both parties have criticized debanking practices, naming Senator Elizabeth Warren as a key critic. In March 2025, the family’s original suit alleged that Capital One ended accounts tied to Trump family members and held millions of dollars. The earlier filing blamed the bank’s “woke” stance for distancing itself from Trump’s conservative views. Eric Trump told Fox News Digital that hundreds of accounts – covering hotels, golf courses, retail shops and more – were closed without reason. He noted that the only common link was the Trump name, not any political affiliation. Capital One denies that it closed the accounts for political reasons and has not yet replied to requests for comment. A U. S. District Judge, Roy Altman, previously dismissed the original lawsuit as lacking detail but gave the Trump family a new deadline to refile. The judge extended the deadline from July 2, 2026, to July 17, 2026.

Senator Warren has taken a public stance against the Trump family’s lawsuit while also nominating Capital One executive Brian Johnson to lead the Consumer Financial Protection Bureau (CFPB). In a letter, Warren asked Eric Trump for clarification on whether the family would refile and how they view Capital One’s actions. She highlighted that her Republican colleagues value Trump’s opinions, and she wanted the committee to understand his perspective before confirming Johnson. The CFPB, which Warren helped create in 2007, has suffered cuts under the Trump administration. By January’s end, it had about 1, 200 staff, a roughly 30% reduction from before Trump took office. Last year, the White House budget chief labeled the agency “woke & weaponized. ” The lawsuit and political debate illustrate how banking decisions can become entangled with politics. The Trump family’s refile may prompt further scrutiny of Capital One’s account‑closing policies and the role of federal agencies in overseeing financial practices.

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