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Sen. Elizabeth Warren presses Eric Trump for update on Capital One de-banking lawsuit
New York Post • • business
Key Points:
- Sen. Elizabeth Warren is seeking confirmation from Eric Trump on whether the Trump family plans to re-file their lawsuit against Capital One, which alleges the bank de-banked family-linked accounts due to political bias.
- The Trump family originally sued Capital One in March 2025, claiming the bank closed over 300 accounts tied to them to distance itself from President Trump’s conservative views, a claim Capital One denies.
- The lawsuit was dismissed by a judge for lacking specific details, but the Trump family was given a deadline of July 17, 2026, to re-file the complaint.
- Warren’s inquiry is linked to her investigation of Brian Johnson, a Capital One executive nominated to lead the Consumer Financial Protection Bureau (CFPB), and whether he influenced the CFPB’s decision to drop a Biden-era lawsuit against Capital One.
- The CFPB, created to protect consumers in the financial sector and originally proposed by Warren, has seen a significant reduction in staff since Trump took office, amid criticism from some officials labeling the agency as politically biased.
