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.

A company owned by President Donald Trump is suing Capital One. It claims the bank unjustifiably terminated over 300 of the Trump Organization’s accounts without cause shortly after the Jan. 6, 2021,

President Donald Trump’s company sued Capital One Financial Corp., accusing it of illegally “de-banking” him for political reasons by abruptly canceling hundreds of accounts for his sprawling real estate business after his first term ended in 2021.