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Sen. Warren probes if Trump family will resume lawsuit against Capital One over alleged de-banking.

Market News
02 Jul 2026
New York Post
View Source
Bearish
pluang ai news

Senator Elizabeth Warren is seeking confirmation from Eric Trump on whether the Trump family plans to re-file their lawsuit against Capital One, accusing the bank of politically motivated de-banking of family-linked accounts. The inquiry is linked to Warren's investigation of Brian Johnson, a Capital One executive nominated to lead the Consumer Financial Protection Bureau (CFPB). The Trump family originally sued Capital One in 2025 after the bank allegedly closed over 300 accounts tied to them, claiming the closures were due to "woke" political motives. Capital One denies these claims, and a judge dismissed the initial lawsuit for lack of detail but allowed a deadline extension to re-file by July 17, 2026. Warren's probe also examines whether Johnson influenced the CFPB's decision to drop a Biden-era lawsuit against Capital One, amid broader scrutiny of the agency's staffing and political role under the current administration.

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