Todd Zywicki Quoted in Reuters on Capital One and JPMorgan Debanking Lawsuits
Reuters quoted ICLE Academic Affiliate Todd Zywicki in an article examining why Capital One and JPMorgan are contesting lawsuits over alleged politically motivated account closures. Settling could expose the banks to additional lawsuits from customers who say they were debanked. Read the full piece here.
“The larger risk of settling is we don’t know what the Trump family might demand,” said Todd Zywicki, a George Mason University law professor who has worked with Trump’s transition and agency review teams on federal financial oversight.
“It could invite additional lawsuits by people who faced adverse actions over their bank accounts and, depending on the terms of individual settlements, provide information to anyone who claims they were debanked,” Zywicki added.