House Democrats say Deutsche Bank records necessary for array of Trump investigations
Added 05-03-19 06:25:02pm EST - “House Democrats sought to intervene in President Trump's effort to block Deutsche Bank from turning over records on his finances Friday, arguing the documents were necessary for an array of ongoing investigations.Trump filed suit…” - Nydailynews.com
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House Democrats argued in new court papers Friday that they needed President Trump’s financial records from Deutsche Bank for an array of ongoing investigations.
Trump filed suit last week against his main financial lender, seeking to block the bank from complying with “unlawful and illegitimate”congressional subpoenas. Trump also wants to block congressional subpoenas served on Capital One bank.
In a new letter filed in Manhattan Federal Court, the House’s Financial Services Committee and Intelligence Committee said the financial records were of urgent national interest.
“The Committee on Financial Services is conducting wide-ranging investigations of the adequacy of existing policies and programs at financial institutions to ensure the safety and soundness of lending practices, including the prevention of loan fraud, industry compliance with banking statutes and regulations ... and the use of anonymous corporations to place illicit funds into legitimate investments," House General Counsel Douglas Letter wrote.
The Intel Committee “is conducting investigations into efforts by Russia and other foreign entities to influence the U.S. political process during and since the 2016 election—including financial or other leverage that foreign actors may have over President Donald J. Trump, his family, and his business interests and associates—and the counterintelligence, national security, and legislative implications thereof,” he added.
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