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. But legal experts predicted that the courts would be unwilling to stand in the way of congressional oversight. “The meritless lawsuit filed today by President Trump to block duly authorized subpoenas to nongovernmental entities is another demonstration of the depths to which President Trump will go to obstruct Congress’s constitutional oversight authority,” the Democrats said. The congressional committees have also demanded documents from a handful of other financial institutions, such as JPMorgan Chase, Bank of America and Citigroup. Last month, New York Attorney General Letitia James (D) subpoenaed records related to several large loans the bank had extended to Trump in recent years.

Source: Washington Post April 30, 2019 03:17 UTC