Democratic U.S. Senator Maggie Hassan has asked Capital One Financial for details about an internal anti-money laundering review that led the bank to close accounts linked to President Donald Trump and his businesses. In a letter sent to CEO Richard Fairbank on Tuesday evening, Hassan requested documents describing the transactions, alerts, and other factors that prompted the review, as well as any communications with law enforcement or regulators. Capital One declined to comment, while the White House and Trump Organization did not immediately respond. The Trump Organization and Eric Trump sued Capital One in March 2025, alleging the closures were politically motivated, but the bank has denied acting on political grounds, citing a careful AML review. Hassan's request could shed light on the financial dealings of Trump's companies and the broader debanking debate, which has gained prominence during Trump's second term.
Capital One Financial CorporationSenator Hassan requests details on AML review tied to Trump account closures, adding regulatory scrutiny.
