President Donald 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 them 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. In a joint statement, Trump lawyers William Consovoy, Patrick Strawbridge and Marc Mukasey called the subpoenas “unlawful and illegitimate.”“Every citizen should be concerned about this sweeping, lawless, invasion of privacy,” they said. The congressional committees have also demanded documents from a handful of other financial institutions, such as JPMorgan Chase, Bank of America and Citigroup. Legal experts have said that Trump’s arguments rely on outdated precedents and that courts may be unwilling to stand in the way of congressional oversight.

Source: National Post April 30, 2019 04:07 UTC