Trump lawyers contest Capital One's anti-money-laundering rationale
Reporting and findings
- alleged
In their August 21, 2026 response, Trump's lawyers alleged that Capital One constructed an anti-money-laundering pretext for a politically motivated decision and relied on previously cleared transactions. The plaintiffs described the closure operation as involving 366 accounts.
- Banking Dive: Trump lawyers blast Capital One's AML narrative in account closuresFriday response, linked ECF 108; previously cleared transactions; final quoted paragraph specifies 366 accounts
Summary and current status
The plaintiffs' response alleges political pretext and describes 366 closed accounts; that count is their litigation assertion.
Plaintiffs' allegations in opposition to dismissal
People and organizations
- Capital One Financial CorporationBank whose rationale plaintiffs disputed
- Donald J. TrumpPerson whose lawyers challenged the bank's stated rationale