Sen. Elizabeth Warren presses Eric Trump for – Business News
Sen. Elizabeth Warren, the highest Democrat on the Senate Banking Committee, is asking Eric Trump to substantiate whether or not his household will resume legal motion towards Capital One over allegations it de-banked family-linked accounts, The Post has discovered.
The far-left pol requested for solutions on whether or not the Trump household will re-file its lawsuit towards Capital One by an upcoming deadline this month, after accusing the bank of blocking the president and his household’s accounts out of “woke” political motives.
The inquiry is an element of Warren’s probe into Brian Johnson, a Capital One exec whom Trump nominated to guide the Consumer Financial Protection Bureau, which the White House has gutted. His nomination is at the moment awaiting Senate approval.
Sen. Elizabeth Warren is asking Eric Trump to substantiate whether or not his household will resume legal motion towards Capital One. REUTERS
“In recent months, your father’s opinion has been very important to my Republican colleagues,” Warren wrote in a letter despatched Thursday to Eric Trump, who runs The Trump Organization with brother Don Jr.
“Given the Trump family’s allegations against Capital One and the role the CFPB would play in addressing concerns about de-banking, it would be helpful for the Committee to understand your views on Capital One as it considers Mr. Johnson’s nomination,” she added.
“It would also be helpful to understand your family’s plans, if any, to re-file the claims you brought against Capital One by Judge Altman’s July 17, 2026, deadline.”
In March 2025, the Trump household sued Capital One for allegedly de-banking a whole bunch of accounts in 2021 that have been tied to the president’s relations and held thousands and thousands of {dollars}.
The Trump household sued Capital One in March 2025. REUTERS
The lawsuit claimed Capital One terminated the accounts because of “woke” beliefs that “it needed to distance itself from President Trump and his conservative political views.”
“I can’t tell you how hard it is to change more than 300 bank accounts – and for no reason whatsoever,” Eric Trump advised Fox News Digital on the time. “These have been resorts and golf programs, residential buildings and industrial buildings, shops and skating rinks and parking garages.
“There was no political affiliation,” he added. “The only common denominator was that they wore the Trump name.”
Capital One has denied claims it shuttered Trump-linked accounts because of political discrimination.
Eric Trump runs The Trump Organization together with his brother Don Jr. USA TODAY Network through Reuters Connect
Earlier this 12 months, US District Judge Roy Altman granted Capital One’s request to dismiss the “deficient” lawsuit, which he mentioned lacked particular particulars, however granted the Trump household a July 2, 2026, deadline to re-file the criticism. He later prolonged the deadline to July 17.
Warren can be investigating whether or not Johnson performed a position within the CFPB’s choice final 12 months to terminate a Biden-era lawsuit towards Capital One, in response to Bloomberg Law.
CFPB, the creation of which was first proposed by Warren, has seen sharp drops in its workers’ ranks since Trump took workplace.
The company, which is supposed to guard shoppers within the financial sector, had about 1,200 workers on the finish of January — down roughly 30% from earlier than Trump took workplace.
“The CFPB has been a woke & weaponized agency against disfavored industries and individuals for a long time. This must end,” White House funds chief Russ Vought wrote final 12 months on X.
The White House lately stepped back from plans to fire the remaining 90% of the workers, saying in April it needs to fire half, as an alternative.
