The lender de-banked some 300 Trump Organization accounts because it believed “the political tide at the moment favored doing so,” a lawsuit contends. Eric Trump has suggested more big banks may be targeted.

The Trump Organization has filed a lawsuit against Capital One after the financial company closed multiple accounts following the Jan. 6, 2021, Capitol riot. According to court documents obtained by CNBC,

MIAMI (AP) — A company owned by President Donald Trump sued Capital One on Friday, claiming the bank unjustifiably terminated over 300 of the Trump Organization’s accounts without cause in 2021, shortly after the Jan. 6 attack on the U.S. Capitol.

The Trump Organization has launched a lawsuit against Capital One, alleging that the bank closed hundreds of President Donald Trump-linked accounts for politically motivated reasons. What Happened: The Trump Organization claims that Capital One has closed numerous accounts related to the Trump family due to “woke” political motivations.

The Trump Organization has sued Capital One, accusing the banking company of terminating over 300 of the Trump Organization’s accounts “without cause.” Eric Trump confirmed the filing of the lawsuit in a statement on X,

McLean-based Capital One Financial has been sued by The Trump Organization for allegedly terminating hundreds of its bank accounts following the Jan. 6, 2021, attack on the U.S. Capitol.

The Trump Organization filed a lawsuit against Capital One in Florida, alleging the bank unjustifiably closed over 300 accounts following the January 6th Capitol riot.