Unbiased AI-powered news
Sen. Elizabeth Warren sent a letter Thursday to Eric Trump asking whether the Trump family plans to re-file its 2025 lawsuit against Capital One. The inquiry is linked to her review of a Capital One executive nominated to lead the CFPB.
New York PostSen. Elizabeth Warren sent a letter Thursday to Eric Trump asking whether the Trump family will re-file its lawsuit against Capital One by Judge Roy Altman’s July 17, 2026, deadline, the New York Post reported. Warren, the top Democrat on the Senate Banking Committee, wrote that the family’s allegations against the bank and the role the CFPB would play in addressing de-banking concerns made it useful for the committee to understand the Trump family’s plans as it considers Brian Johnson’s nomination.
Johnson is a Capital One executive whom President Trump nominated to lead the Consumer Financial Protection Bureau; his nomination is awaiting Senate approval. In March 2025 the Trump family sued Capital One, alleging the bank terminated hundreds of accounts tied to family members in 2021 that held millions of dollars.
The suit claimed the terminations stemmed from “woke” beliefs that the bank needed to distance itself from President Trump and his conservative political views.
Told Fox News Digital at the time that changing more than 300 accounts was difficult and that the only common factor was the Trump name. U.S. District Judge Roy Altman granted Capital One’s motion to dismiss the suit for lack of specific details but set an initial July 2, 2026, deadline for re-filing that he later extended to July 17.
Capital One has denied that it closed the accounts for political reasons. Warren is also examining whether Johnson played a role in the CFPB’s decision last year to drop a Biden-era lawsuit against Capital One, according to Bloomberg Law. The agency had about 1,200 employees at the end of January, down roughly 30 percent from before President Trump took office.
The White House said in April it wants to cut half the remaining staff rather than the 90 percent previously planned. White House budget chief Russ Vought wrote last year on X that the CFPB had been a “woke & weaponized agency against disfavored industries and individuals for a long time.
Single source — no framing comparison available.
foxnews.comU.S. President Donald Trump listed specific annual contributions by NATO members on Truth Social on July 2. The post preceded a summit scheduled for July 7-8 in Ankara, Turkey.
Germany's ruling coalition approved a package of tax, labor and pension changes on July 2. The measures include 10 billion euros in income tax cuts financed by higher rates on top earners.
ndtv.comRussia launched an 11-hour drone and missile attack on Kyiv overnight into Thursday, killing at least 21 civilians and injuring more than 90. Ukrainian air defenses intercepted many projectiles, but damage struck multiple residential buildings.