Trump Organization Sues Capital One Again | Panama City Beach News

Capital One is fighting back against the Trump Organization’s lawsuit, insisting it shut down over 300 of their accounts in 2021 for legitimate money laundering concerns—not political bias. The bank claims its anti-money laundering team followed all protocols and spent months investigating before acting. Trump’s legal team, led by Donald and Eric Trump, argues the move was politically motivated “debanking” of conservatives, echoing a prior lawsuit by President Trump against JPMorgan Chase. Though the case was previously dismissed, a judge allowed it to be refiled—but Capital One now says the new complaint repeats the same flawed arguments and should be thrown out permanently. Interestingly, just months before closing these accounts, Capital One paid a $390K penalty for lacking a robust AML program, yet its lawyers insist their team used that experience to handle the Trump accounts properly. They’re adamant the Trump side is fabricating political motives to distract from the bank’s lawful actions. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/781fb06fa8d7c44a