Capital One is pushing back against claims of political bias in a federal lawsuit by seeking dismissal of the case tied to its 2021 closures of Trump Organization accounts.
The bank attributes those actions to months of internal analysis by its anti-money laundering specialists following standard policies and regulatory requirements, reports The Hill.
Attorneys for Capital One filed the motion in the Southern District of Florida and stressed that the process remained confidential while providing the Trump Organization with several months of advance notice plus extensions to transition banking services.
The Trump Organization and Eric Trump filed the suit in March 2025 alleging the closures stemmed from political motivations after the January 6 Capitol events.
Capital One counters that its team drew on decades of law enforcement expertise to assess risks without accusing any party of actual money laundering violations.
Background context includes a January 2021 Financial Crimes Enforcement Network (FinCEN) enforcement action that imposed a $390 million penalty on the bank for earlier anti-money laundering program shortcomings between 2008 and 2014 in its check cashing operations.
The filing argues that discovery has not uncovered evidence making the compliance rationale a pretext and seeks full dismissal of the amended complaint.
Similar debanking disputes have involved other major banks in recent years amid broader accusations of targeting conservative clients.
Follow us on X, Facebook and Telegram
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
Be the first to comment