Sen. Elizabeth Warren presses Eric Trump for update on Capital One de-banking lawsuit
New York Post
Published: Jul 02, 2026, 09:00 AM
Sentiment Analysis
Sen. Elizabeth Warren, the top Democrat on the Senate Banking Committee, is calling out President Trump for nominating an exec from the same bank his family sued for alleged de-banking, The Post has learned. Brian Johnson, Capital One’s vice president of compliance, has been getting grilled by Warren over his nomination to run the Consumer Financial Protection Bureau. His candidacy comes after Trump’s family sued Capital One for allegedly de-banking hundreds of Trump accounts. Warren unscored those events in a Thursday letter to Eric Trump, asking him if his family plans to press ahead with its legal case.
“In recent months, your father’s opinion has been very important to my Republican colleagues,” the far-left Massachusetts senator wrote Eric Trump, who runs The Trump Organization with brother Don Jr. “Given the Trump family’s allegations against Capital One and the role the CFPB would play in addressing concerns about de-banking, it would be helpful for the Committee to understand your views on Capital One as it considers Mr. Johnson’s nomination, it would also be helpful to understand your family’s plans, if any, to re-file the claims you brought against Capital One by Judge Altman’s July 17, 2026, deadline.”
The Trump Organization and Capital One did not respond to The Post's requests for comment. In March 2025, the Trump family sued Capital One for allegedly de-banking hundreds of accounts in 2021 that were tied to the president’s family members and held millions of dollars. The lawsuit claimed Capital One terminated the accounts due to “woke” beliefs that “it needed to distance itself from President Trump and hi...
Source: New York Post
This content is not intended as investment advice or a recommendation. Any opinions expressed are solely the personal views of each article.