<\/p>\n
The Trump organization just filed a lawsuit against US banking giant Capital One, accusing the lender of unjustly terminating more than 300 of the firm\u2019s bank accounts.<\/p>\n
The suit<\/a> claims the closures were driven by political bias, targeting the Trump family\u2019s conservative affiliations back in 2021.<\/p>\n \u201cPlaintiffs have reason to believe that Capital One\u2019s unilateral decision came about as a result of political and social motivations and Capital One\u2019s unsubstantiated, \u201cwoke\u201d beliefs that it needed to distance itself from President Trump and his conservative political views. In essence, Capital One \u201cde-banked\u201d Plaintiffs\u2019 Accounts because Capital One believed that the political tide at the moment favored doing so.<\/em><\/p>\n In addition to the considerable financial harm that Plaintiffs and their affiliated entities suffered, Capital One\u2019s reckless decision is part of a growing trend by financial institutions in the United States of America to cut off a consumer\u2019s access to banking services if their political views contradict with those of the financial institution. Capital One\u2019s conduct is but one example of a systemic, subversive industry practice that aims to coerce the public to shift and re-align their political views.\u201d<\/em><\/p>\n The move comes after Trump openly slammed both Bank of America and JPMorgan Chase.<\/p>\n At a World Economic Forum session in January, Trump publicly criticized<\/a> Bank of America CEO Brian Moynihan and JPMorgan Chase CEO Jamie Dimon.<\/p>\n He accused them of denying services to conservatives, urging them to \u201copen your banks\u201d to those who have allegedly been unfairly kicked out of the banking system.<\/p>\n Trump\u2019s remarks touch on a broader debate over alleged discrimination in the financial sector.<\/p>\n This month, after meeting with Republican lawmakers, Chase\u2019s Dimon said<\/a> US banks sometimes \u201cpush people out of the system\u201d due to vague federal anti-money laundering rules.<\/p>\n Dimon denied political or religious bias at Chase, instead blaming regulatory pressures that force compliance-driven account closures.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>   Generated Image: Midjourney<\/em><\/span><\/p>\n<\/p><\/div>\n
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