{"id":361849,"date":"2026-08-03T20:34:15","date_gmt":"2026-08-03T20:34:15","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/361849\/"},"modified":"2026-08-03T20:34:15","modified_gmt":"2026-08-03T20:34:15","slug":"capital-one-asks-a-florida-judge-to-dismiss-president-trumps-trust-lawsuit-over-closed-accounts","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/361849\/","title":{"rendered":"Capital One asks a Florida judge to dismiss President Trump’s trust lawsuit over closed accounts"},"content":{"rendered":"

In a federal court in Miami, Capital One is asking a judge to dismiss a lawsuit brought by President Donald Trump’s trust and affiliated business entities, according to\u00a0a new court motion<\/a>\u00a0filed this past Friday.<\/p>\n

The lawsuit, originally filed in March 2025, alleges\u00a0Capital One<\/a>\u00a0improperly closed more than 300 accounts held by Trump-affiliated entities because of political bias in the aftermath of the\u00a0Jan. 6, 2021<\/a>, attack on\u00a0the U.S. Capitol.<\/a><\/p>\n

In its latest filing, obtained by CBS News, Capital One argues the complaint should be dismissed with prejudice, saying the plaintiffs have failed to state a legally viable claim. The filing also offers new insight into the bank’s explanation for the account closures.<\/p>\n

According to the motion, Capital One says the accounts were identified for closure following reviews conducted by its anti-money-laundering department. The motion also states that while the company says it closed the counts for reasonable concerns, Florida law holds that contractually, “the Rules expressly permitted Capital One to close the accounts for any reason and without notice.”<\/p>\n

Just months before, the bank was fined\u00a0$390,000,000 by the Financial Crimes Enforcement Network<\/a>\u00a0for failing to implement and enforce an effective anti-money laundering program.\u00a0<\/p>\n

The bank also argues that federal law, including provisions of the\u00a0Bank Secrecy Act<\/a>, limits what financial institutions can disclose publicly about certain internal compliance processes.<\/p>\n

The allegations made by both sides remain disputed, and the court has not ruled on the merits of the case.<\/p>\n

The lawsuit is one of multiple legal actions President Trump and affiliated entities have filed against major financial institutions accusing them of what has been called \u00a0“debanking.”<\/a>\u00a0 \u00a0They claim the practice differs from banks operating within their contractual rights to terminate business with accounts they deem reputational risks and is solely based on perceived bias.<\/p>\n

Trump and affiliated entities have also filed a separate $5 billion lawsuit against\u00a0JPMorgan Chase<\/a>, alleging the bank engaged in similar conduct. JPMorgan has denied wrongdoing and has sought to move that case to federal court in New York, arguing the relevant business activity occurred there rather than in South Florida.<\/p>\n

The issue of so-called “debanking” has become increasingly political in recent years, with many conservatives arguing financial institutions have discriminated against customers because of their political or religious views. Banks, meanwhile, have maintained that account decisions are governed by contractual rights, regulatory obligations and internal risk assessments.<\/p>\n

CBS News has requested additional court filings and exhibits to better understand the factual basis for Capital One’s anti-money-laundering assertions.\u00a0<\/p>\n

CBS News has also reached out to Capital One and representatives for the Trump Organization for additional comment.<\/p>\n

The case remains pending in the U.S. District Court for the Southern District of Florida.<\/a><\/p>\n

In:<\/p>\n","protected":false},"excerpt":{"rendered":"In a federal court in Miami, Capital One is asking a judge to dismiss a lawsuit brought by…\n","protected":false},"author":2,"featured_media":361850,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[117405,409,741,28,30,29,58728,99,807],"class_list":["post-361849","post","type-post","status-publish","format-standard","has-post-thumbnail","category-florida","tag-capital-one","tag-donald-trump","tag-finance","tag-florida","tag-florida-headlines","tag-florida-news","tag-january-6","tag-politics","tag-south-florida"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/361849","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=361849"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/361849\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/361850"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=361849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=361849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=361849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}