President Trump and his family, as well as the Trump Organization, filed suit against one of their lenders and one of their banks late Monday, seeking to stop the financial firms from complying with subpoenas from congressional committees.
The lawsuit against Deutsche Bank, which has loaned Trump more than $360 million in recent years, and Capital One are designed to prevent the two institutions from providing records to the House Intelligence and Financial Services committees. The panels are led by Reps. Adam B. Schiff (D-Calif.) and Maxine Waters (D-Calif.), respectively.
The filing, submitted late Monday in the U.S. District Court for the Southern District of New York, claims that the subpoenas were issued to “harass” the president — “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 lawsuit asserts.