Lawsuit contends demands for president's financial records have no legitimate purpose
New York — US President Donald Trump, three of his children and one of his companies have filed a federal lawsuit against Deutsche Bank and Capital One Financial Corp to block the banks from complying with federal subpoenas investigating his financial dealings.
It also states that: “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.” Representative Maxine Waters, the chairwoman of the financial services commission and representative Adam Schiff, the chairman of the intelligence committee, both Democrats, called the lawsuit “meritless” in a joint statement, the New York Times and other media reported.
“The potential use of the US financial system for illicit purposes is a very serious concern. The financial services committee is exploring these matters, including as they may involve the president and his associates, as thoroughly as possible,” Waters, said in a statement earlier.
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