COF · News · 20260806N

Litigation and Legal Risk

CAPITAL ONE FINANCIAL CORP · 2026-08-06 · Importance 17 · Surprise 24

Capital One is seeking dismissal of a lawsuit filed in March 2025 by the Trump Organization and related entities over the closure of more than 300 accounts in 2021. In court filings, the bank said the closures followed an anti-money-laundering review that identified transaction patterns matching federal banking guidance, while denying that the plaintiffs were accused of money laundering or that political considerations drove the decision. Reports place the number of closed accounts at approximately 300 to 385. The litigation follows Capital One’s reported $390 million FinCEN penalty for deficiencies in its AML program and could create legal, regulatory, and reputational risk concerning banks’ account-termination and debanking practices.

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