Trump family refiles Capital One debanking lawsuit, claiming politics played role

The Trump family has refiled its debanking lawsuit against Capital One after a judge gave them a July deadline to submit a new complaint, reviving accusations that the bank closed their accounts for political reasons. On Friday, the last day to refile a complaint, Eric Trump submitted a new lawsuit on behalf of The Donald J. Trump Revocable Trust – alleging Capital One abruptly terminated hundreds of accounts belonging to entities affiliated with the president after the Jan. 6, 2021 attacks on the Capitol. “Capital One improperly and deliberately closed those accounts because the political environment in January 2021 made it expedient to do so,” said the new complaint. While the original complaint repeatedly accused Capital One of “woke” debanking, the new complaint nixed the epithet. It noted that members of Congress across the political aisle have taken aim at debanking, specifically nodding to far-left Sen. Elizabeth Warren (D-Mass.). In March 2025, the Trump family sued Capital One for allegedly debanking hundreds of accounts in 2021 that were tied to the president’s family members and held millions of dollars. The original lawsuit claimed Capital One terminated the accounts due to “woke” beliefs that “it needed to distance itself from President Trump and his conservative political views.” “I can’t tell you how hard it is to change more than 300 bank accounts – and for no reason whatsoever,” Eric Trump told Fox News Digital at the time. “These were hotels and golf courses, residential buildings and commercial buildings, retail outlets and skating rinks and parking garages. “There was no political affiliation,” he added. “The only common denominator was that they wore the Trump name.” Capital One has denied claims it shuttered Trump-linked accounts due to political motivations. The company did not immediately respond to The Post’s request for comment Monday. Earlier this year, US District Judge Roy Altman granted Capital One’s request to dismiss the “deficient” lawsuit, which he said lacked specific details, but granted the Trump family a July 2, 2026, deadline to re-file the complaint. He later extended the deadline to July 17. For her part, Warren has called out President Trump for nominating Capital One exec Brian Johnson to run the Consumer Financial Protection Bureau while his family pursues litigation against the same bank. In a letter sent to Eric Trump earlier this month, exclusively obtained by The Post, Warren pressed for answers on whether the family would re-file the complaint and for clarification on its issues with the bank. “In recent months, your father’s opinion has been very important to my Republican colleagues,” the lefty pol wrote to Eric, 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 debanking, it would be helpful for the Committee to understand your views on Capital One as it considers Mr. Johnson’s nomination.” Johnson was scheduled to appear before the Senate Banking Committee for his confirmation hearing Thursday. Warren is the top Dem on the committee. The CFPB – which Warren initially proposed creating in 2007 – has seen severe cuts under the Trump administration. As of the end of January, it had about 1,200 employees – down roughly 30% from before Trump took office. Last year, White House budget chief Russ Vought slammed the CFPB as a “woke & weaponized agency.”