- Capital One said its anti-money-laundering team conducted months of analysis and closed more than 300 Trump-affiliated accounts under bank policies and regulatory guidance.
- The disclosure is part of Capital One’s effort to dismiss a lawsuit by the Trump Organization and Eric Trump alleging politically motivated debanking.
- A Miami federal court has dismissed two earlier versions of the complaint while permitting amended filings.
Quotes
“The transaction patterns identified by Capital One are among the types of activity flagged by federal banking guidance”