The Trump Organization has sued Capital One for closing its bank accounts. The organization says it did so out of political reasons. But banks can close accounts for a zillion reasons. They don’t have to say why. Capital One cited money laundering as a concern.
On today’s show, how banks decide to close accounts, how much politics plays a role and what the bank might have seen in its crime-stopping crystal ball.
Fact checking by Sierra Juarez (https://www.npr.org/people/1268825622/sierra-juarez) .
Your Next Listen
— What is a 'freedom economy'?
(https://www.npr.org/2024/04/16/1197963862/freedom-economy-anti-vaccine-banking)
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