Democratic US senator asks Capital One for details on Trump account anti-money laundering review
Hassan wants Capital One to explain the activity, policies and findings behind its anti-money-laundering review that led to account closures.
- On Tuesday, Senator Maggie Hassan pressed Capital One CEO Richard Fairbank for details on an internal anti-money laundering review that led the bank to close accounts linked to President Donald Trump and his businesses last month.
- The Trump Organization and Eric Trump sued Capital One in March 2025, alleging the 2021 account closures were politically motivated; the bank denied acting on political grounds, citing a careful review by its AML team.
- President Donald Trump signed an executive order in August 2025 to curb discriminatory debanking practices and sued JPMorgan Chase in January on similar grounds. The Office of the Comptroller of the Currency is also probing the issue across several institutions.
- In her letter to Fairbank, Hassan requested documents describing specific transactions and communications with law enforcement to support congressional oversight. Capital One declined to comment while White House and Trump Organization spokespeople did not immediately respond.
- Hassan's inquiry adds congressional pressure to existing federal oversight of debanking practices, a political flashpoint during Trump's second term. The episode reflects broader scrutiny of whether financial institutions deny services on political or religious grounds.
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Senator wants details on laundering review
NEW YORK — A Democratic U.S. senator has pressed Capital One Financial for details about an internal anti-money-laundering review that the bank said last month led it to close accounts linked to President Donald Trump and his businesses.
Democratic US senator asks Capital One for details on Trump account anti-money laundering review
A Democratic U.S. senator has pressed Capital One Financial for details about an internal anti-money laundering review that the bank said last month led it to close accounts linked to President Donald Trump and his businesses.
Capital One asked for for details on anti-money laundering review linked to debanking Trump accounts
Democratic U.S. senator Maggie Hassan has reportedly asked Capital One Financial (COF) for details of an internal anti-money laundering review that led the bank to close accounts linked to President Donald Trump and his businesses.
DEMOCRATIC Sen. Maggie Hassan is asking Capital One for details on the background check that led to the closure of Donald Trump's account. Trump claims that the decision is politically motivated.
Capital One Faces Senate Questions Over Closure of Trump Accounts
Why Is Capital One Facing Congressional Scrutiny? Capital One is facing fresh scrutiny over its decision to close accounts linked to President Donald Trump and his businesses after a Democratic U.S. senator requested details about the bank’s internal anti-money-laundering review. Senator Maggie Hassan of New Hampshire asked Capital One CEO Richard Fairbank to provide documents describing the transactions, alerts and other factors that led the ba…
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