Senator Seeks Capital One Records on Trump Account Closures

Barchart·09/02/2026 21:56:08

Senator Maggie Hassan is seeking records from Capital One ($COF) about an internal anti-money laundering review the bank says led it to close hundreds of accounts linked to President Donald Trump and his businesses in 2021, according to a letter first reported by Reuters.

• Hassan asked Capital One CEO Richard Fairbank for documents detailing transactions, alerts and other activity that triggered the bank's review.
• She also requested information on the policies applied, findings behind the closures and any permitted communications or referrals to law enforcement and regulators.
• Capital One said in a July court filing that its AML team conducted the review under bank policies and regulatory guidance and has denied politically motivated closures.
• The Trump Organization and Eric Trump sued Capital One in March 2025, alleging the closures were politically motivated.
• Trump has separately sued JPMorgan Chase ($JPM) over similar debanking allegations, which the bank denies.

Relevant Companies

• Capital One ($COF) - Faces congressional scrutiny over its review and closure of Trump-linked accounts.

Editor’s Note: This is a developing story. This article may be updated as more details become available.

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