President Trump, members of his family and his private businesses filed a federal lawsuit late Monday against Deutsche Bank and Capital One in an attempt to block the financial institutions from complying with congressional subpoenas.
The lawsuit, filed in the Southern District of New York, comes after House Intelligence Committee Chairman Adam Schiff (D-Calif.) and House Financial Services Committee Chairwoman Maxine Waters (D-Calif.) issued the subpoenas seeking records on Trump’s personal finances.
“The subpoenas were issued to harass President Donald J. Trump, to rummage through every aspect of his personal finances, his businesses, and the private information of the President and his family, and to ferret about for any material that might be used to cause him political damage. No grounds exist to establish any purpose other than a political one,” the complaint states.
Trump’s attorneys are seeking an injunction “quashing the subpoenas,” as well injunctions blocking both financial institutions from handing over the records.