The Trump family has refiled a lawsuit against Capital One, alleging that the bank closed hundreds of accounts affiliated with the former president for political reasons. The new complaint, submitted by Eric Trump on behalf of The Donald J. Trump Revocable Trust, was filed on the deadline provided by a judge who had previously dismissed the original suit.
According to the refiled complaint, Capital One "improperly and deliberately closed those accounts because the political environment in January 2021 made it expedient to do so." The lawsuit claims the accounts were abruptly terminated following the Jan. 6, 2021 attacks on the U.S. Capitol.
The original lawsuit, filed in March 2025, had accused Capital One of "woke" debanking, asserting the bank sought to distance itself from President Trump and his conservative views. The refiled complaint omits the term "woke" but maintains the core accusation of politically motivated account closures. Eric Trump had previously stated that the accounts, which held millions of dollars and were linked to various Trump properties including hotels, golf courses, and residential buildings, were closed for no other reason than bearing the Trump name.
Capital One has consistently denied that political motivations influenced its decision to close the accounts. The bank has not yet responded to a request for comment on the refiled lawsuit.
U.S. District Judge Roy Altman had granted Capital One's request to dismiss the initial lawsuit, deeming it "deficient" due to a lack of specific details. However, he gave the Trump family until July 17, 2026, to submit an amended complaint.
Separately, Senator Elizabeth Warren (D-Mass.) has taken an interest in the litigation. Warren, who has previously criticized debanking practices, recently pressed Eric Trump for answers regarding the lawsuit and the family's issues with Capital One. This comes as the Senate Banking Committee, where Warren is the ranking Democrat, is set to consider the nomination of Capital One executive Brian Johnson to lead the Consumer Financial Protection Bureau (CFPB).