President Donald Trump has filed a lawsuit against Deutsche Bank and Capital One in efforts to block House committee subpoenas requesting copies of his business financial records. The lawsuit was filed at a New York federal court on April 29.

The House Financial Services and House Intelligence panels issued the subpoenas to Deutsche Bank, Capital One, and several other financial institutions on April 15. 

Intelligence Committee Chairman Adam Schiff told NBC the subpoenas were part of an investigation “into allegations of potential Russian influence on the U.S. political process.”

As a result, Eric Trump lambasted the subpoenas as “an unprecedented abuse of power and simply the latest attempt by House Democrats to attack the President and our family for political gain.” He gave a statement to NBC after the House subpoenas were issued.

This was just days before the full but redacted Mueller Report was publicly released on April 18.

The report’s findings show there was no collusion between President Trump or his campaign and Russia.

Above all, the Trumps want the subpoenas declared unlawful and unenforceable. The lawsuit also seeks to block the disclosure information in compliance with the subpoenas, according to the Associated Press.

The president, his sons Donald Jr. and Eric, daughter Ivanka, the Trump Organization, and the Donald J. Trump Revocable Trust are plaintiffs on the lawsuit.


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