Three powerful House Democrats asked Capital One financial last month for financial records related to President Trump, including any that were given to special counsel Robert S. Mueller III.
The bank responded on March 21 that it was preserving the documents requested but would hand them over only under the subpoena, according to a copy of The letter from Brent Timberlake, the counsel of the president.
The request came from the Supervisory Committee Chairman Elijah E. Cummings (Md.), Financial Services Committee Chairwoman Maxine Waters (Calif.) and Intelligence Committee Chairman Adam B. Schiff (Calif. )
On Thursday, Oversight's ranking Republican, Rep. Jim Jordan (Ohio), and lead Republican on the government operations subcommittee, Rep. Mark Meadows (NC), decried the Democrats' request as a “fishing expedition.”
“Probes aimed simply at harming the electoral prospects of a future candidate for office improper on their face,” they wrote to Capital One Financial CEO Richard D. Fairbank
They also complained that they were consulted before the Democrats sent Fairbank a request on March 11 requesting a wide range of materials related to Trump's finances and business holdings.
News of the request comes a Day after House Democrats dramatically crashed into investigations into President Trump.
On Wednesday, the House Judiciary Committee voted to authorize Chairman Jerrold Nadler (DN.Y.) to subpoena Mueller's full report. Hours later, Ways and Means Chairman Richard E. Neal (D-Mass.) Officially requested Trump's tax returns from the IRS, setting off a wave or GOP protests.
Additionally, Cummings said Wednesday that Trump's New York-based accounting firm will respond to a request for 10 years' worth of records from the firm's work with Trump if it receives a congressional subpoena. His committee had asked the company, Mazars USA, for copies of "statements of financial condition" and audits prepared for Trump and several of his companies, including the one that owns the Trump International Hotel in downtown Washington.
The panel also requested
For more than a decade, Mazars USA and a predecessor firm signed off on financial statements for Trump that he used when seeking loans. Some of the statements included frequent exaggerations or inaccuracies of Trump's assets and were accompanied by a note from the firm that it was not responsible for the accuracy of the information.
his presidency to benefit him financially.