Capital One is pushing again towards claims of political bias in a federal lawsuit by in search of dismissal of the case tied to its 2021 closures of Trump Group accounts.
The financial institution attributes these actions to months of inner evaluation by its anti-money laundering specialists following normal insurance policies and regulatory necessities, reviews The Hill.
Attorneys for Capital One filed the movement within the Southern District of Florida and pressured that the method remained confidential whereas offering the Trump Group with a number of months of advance discover plus extensions to transition banking providers.
The Trump Group and Eric Trump filed the swimsuit in March 2025 alleging the closures stemmed from political motivations after the January 6 Capitol occasions.
Capital One counters that its crew drew on a long time of regulation enforcement experience to evaluate dangers with out accusing any celebration of precise cash laundering violations.
Background context features a January 2021 Monetary Crimes Enforcement Community (FinCEN) enforcement motion that imposed a $390 million penalty on the financial institution for earlier anti-money laundering program shortcomings between 2008 and 2014 in its verify cashing operations.
The submitting argues that discovery has not uncovered proof making the compliance rationale a pretext and seeks full dismissal of the amended criticism.
Comparable debanking disputes have concerned different main banks lately amid broader accusations of concentrating on conservative shoppers.
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