The Trump family has refiled its lawsuit against Capital One, which they claim closed accounts due to political motives. This comes after a judge set a deadline in July for them to submit a new complaint.
On Friday, the deadline day, Eric Trump filed a lawsuit on behalf of the Donald J. Trump Revocable Trust, asserting that Capital One suddenly suspended hundreds of accounts linked to the president following the January 6, 2021, Capitol attack.
According to the new complaint, “Capital One improperly and intentionally closed these accounts because the political climate in January 2021 made it convenient to do so.”
While the original complaint included allegations of “woke” banking practices, the latest filing omits that term.
Interestingly, the document highlighted that members of Congress from both sides of the aisle are pushing to abolish certain banking practices, with far-left Sen. Elizabeth Warren (D-Mass.) focusing on these issues.
In March 2025, the Trump family initially accused Capital One of debanking numerous accounts associated with them, which reportedly held millions of dollars in 2021.
The first lawsuit alleged that Capital One suspended the accounts based on a belief that they needed to distance themselves from President Trump and his conservative viewpoints. Eric Trump had expressed the frustration of needing to change over 300 bank accounts, saying there shouldn’t have been a problem at all. “The only thing they had in common was that they wore Trump’s name,” he remarked.
Capital One has firmly denied claims that political motivations influenced their decisions regarding Trump-related accounts.
The bank did not provide a response to The Post’s inquiry on Monday.
Earlier this year, U.S. District Judge Roy Altman approved Capital One’s request to dismiss the initial lawsuit, labeling it “flawed” for lacking specific details, but granted the Trump family until July 2, 2026, to refile. This deadline was later extended to July 17th.
Warren took issue with President Trump’s nomination of Capital One executive Brian Johnson to oversee the Consumer Financial Protection Bureau (CFPB) and also with the lawsuit against the bank.
In a letter to Eric Trump earlier this month, which was exclusively obtained, Warren requested clarification on whether they would be resubmitting the lawsuit and asked for details regarding the claims against the bank.
Warren mentioned that President Trump’s perspective has influenced her Republican colleagues significantly in recent times. “Given the Trump family’s allegations against Capital One and the CFPB’s involvement in addressing concerns about debanking, it would be helpful for the committee to understand your views on Capital One as it considers Mr. Johnson’s nomination,” she wrote.
Johnson was expected to appear before the Senate Banking Committee for a confirmation hearing on Thursday, with Warren being the leading Democrat on the committee.
The CFPB, which Warren initially proposed back in 2007, has faced significant funding cuts during the Trump administration.
As of January’s end, the agency’s staff had dwindled to about 1,200 employees, roughly 30% fewer than before President Trump took office.
Last year, White House Budget Director Russ Vought criticized the CFPB, calling it a “woke, weaponized agency.”
