“We have representation from Deutsche Bank and Capitol One that they will cooperate with us,” the head of the House Financial Services Committee said. “So, he can file his lawsuits.”
A top House Democrat investigating Donald Trump’s personal and business finances said the president’s attempt to quash her committee’s investigation through legal recourse was pointless, arguing that the oversight power of Congress and the banking giants she’s seeking information from are on her side.
Waters expressed confidence that Trump’s effort to halt her congressional probe would fail, because both banks have been cooperating with her request for records. The lawsuit by the president’s attorneys said that Deutsche Bank, absent a court order, was prepared to begin producing documents to the committees by May 6. Capitol One also indicated it was prepared to provide documents by that date.
Trump has also sued Representative Elijah Cummings, a Maryland Democrat and chairman of the House Oversight Committee, to block a separate subpoena for financial records from the president's accounting firm. Filed on behalf of Trump, Donald Trump Jr., Eric Trump, Ivanka Trump and the Trump Organization, the lawsuit revealed the wide scope of information, going back decades, that Waters and Schiff have sought through their subpoenas. That information includes “all banking and financial records not just concerning the individual plaintiffs but also their own family members.
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