Sen. Elizabeth Warren presses Eric Trump for replace on Capital One de-banking lawsuit
Sen. Elizabeth Warren, the highest Democrat on the Senate Banking Committee, is asking Eric Trump to substantiate whether or not his household will resume authorized motion in opposition to Capital One over allegations it de-banked family-linked accounts, The Publish has realized.
The far-left pol requested for solutions on whether or not the Trump household will re-file its lawsuit in opposition to Capital One by an upcoming deadline this month, after accusing the financial institution of blocking the president and his household’s accounts out of “woke” political motives.
The inquiry is a part of Warren’s probe into Brian Johnson, a Capital One exec whom Trump nominated to steer the Shopper Monetary Safety Bureau, which the White Home has gutted. His nomination is at the moment awaiting Senate approval.
“In latest months, your father’s opinion has been essential to my Republican colleagues,” Warren wrote in a letter despatched Thursday to Eric Trump, who runs The Trump Group with brother Don Jr.
“Given the Trump household’s allegations in opposition to Capital One and the function the CFPB would play in addressing considerations about de-banking, it will be useful for the Committee to grasp your views on Capital One because it considers Mr. Johnson’s nomination,” she added.
“It will even be useful to grasp your loved ones’s plans, if any, to re-file the claims you introduced in opposition to Capital One by Choose Altman’s July 17, 2026, deadline.”
In March 2025, the Trump household sued Capital One for allegedly de-banking lots of of accounts in 2021 that had been tied to the president’s members of the family and held thousands and thousands of {dollars}.
The lawsuit claimed Capital One terminated the accounts as a consequence of “woke” beliefs that “it wanted to distance itself from President Trump and his conservative political beliefs.”
“I can’t let you know how arduous it’s to alter greater than 300 financial institution accounts – and for no cause in anyway,” Eric Trump advised Fox Information Digital on the time. “These had been accommodations and golf programs, residential buildings and industrial buildings, shops and skating rinks and parking garages.
“There was no political affiliation,” he added. “The one frequent denominator was that they wore the Trump identify.”
Capital One has denied claims it shuttered Trump-linked accounts as a consequence of political discrimination.
Earlier this 12 months, US District Choose Roy Altman granted Capital One’s request to dismiss the “poor” lawsuit, which he stated lacked particular particulars, however granted the Trump household a July 2, 2026, deadline to re-file the grievance. He later prolonged the deadline to July 17.
Warren can also be investigating whether or not Johnson performed a job within the CFPB’s resolution final 12 months to terminate a Biden-era lawsuit in opposition to Capital One, based on Bloomberg Legislation.
CFPB, the creation of which was first proposed by Warren, has seen sharp drops in its staff’ ranks since Trump took workplace.
The company, which is supposed to guard customers within the monetary sector, had about 1,200 staff on the finish of January — down roughly 30% from earlier than Trump took workplace.
“The CFPB has been a woke & weaponized company in opposition to disfavored industries and people for a very long time. This should finish,” White Home funds chief Russ Vought wrote final 12 months on X.
The White Home just lately stepped again from plans to fireplace the remaining 90% of the workers, saying in April it needs to fireplace half, as an alternative.
