Trump's Capital One Lawsuit: The Conservative Push for Banking Deregulation
President Donald Trump, Eric Trump, and multiple associated business entities have just initiated what appears to be the highest-profile "debanking" lawsuit to date.
The complaint, recently filed on March 7, 2025 in Miami-Dade County, Florida, alleges that Capital One abruptly terminated hundreds of accounts associated with Trump-affiliated entities without explanation or recourse.
The plaintiffs are:
THE DONALD J. TRUMP REVOCABLE TRUST
DJT HOLDINGS, LLC
DJT HOLDINGS MANAGING MEMBER, LLC
DTTM OPERATIONS, LLC
ERIC TRUMP
This litigation arrives as Republicans intensify their efforts to dismantle essential banking safeguards that protect consumers and the financial system from risky or potentially harmful activities.
Manufacturing a Crisis from Operation Choke Point
The Trump complaint dedicates substantial space to exaggerating and distorting the Obama administration's Operation Choke Point initiative. This Department of Justice program, which ran fr…
Keep reading with a 7-day free trial
Subscribe to Hacking, but Legal to keep reading this post and get 7 days of free access to the full post archives.