Capital One seeks dismissal of Trump Organization debanking lawsuit in Miami court

In a filing before a US federal court, Capital One set out why it shut more than 300 accounts tied to the Trump Organization, saying the decision followed a months-long review by its anti-money-laundering team, that notice went out in March 2021, and that it had acted consistently with its own policies and with regulatory guidance. The bank wants a lawsuit brought by the Trump Organization and Eric Trump thrown out, the two allege the closures amounted to politically motivated debanking. A Miami judge had already rejected two earlier complaints while permitting amended filings, and Capital One contends the newest version repeats those same flaws and rests on selectively quoted passages. It added that some transaction patterns matched activities identified in federal banking guidance, while stressing it has not accused the Trump Organization of illegal money laundering.