House Dems seek documents on Trump's businesses from Capital One

Democrats on three House committees sent requests to Capital One executives for documents related to President TrumpDonald John TrumpDemocrats ask if they have reason to worry about UK result Trump scramble to rack up accomplishments gives conservatives heartburn Seven years after Sandy Hook, the politics of guns has changed MORE's ownership of the Trump Organization.

Politico reported Thursday that the House Oversight and Reform, Financial Services, and Intelligence committees sent a joint request last month to Capital One CEO Richard Fairbanks for any documents the company holds concerning Trump's trust, which holds his businesses, and a slew of companies that comprise the greater Trump Organization.

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In the letter, Oversight Chairman Elijah CummingsElijah Eugene CummingsCongressional investigation finds Coast Guard leadership fell short on handling bullying Trump request for Ukrainian 'favor' tops notable quote list Impeachment can't wait MORE (D-Md.), Financial Services Chairwoman Maxine WatersMaxine Moore WatersSupreme Court takes up fight over Trump financial records Trump tweet mocking Greta Thunberg sparks backlash Melania Trump's 'Be Best' hashtag trends after president goes after Greta Thunberg MORE (D-Calif.) and Intelligence Chairman Adam SchiffAdam Bennett SchiffSupreme Court takes up fight over Trump financial records Democrats approve two articles of impeachment against Trump in Judiciary vote McConnell, White House lawyer huddle on impeachment strategy MORE (D-Calif.) wrote that their investigations pertained to “potential foreign conflicts of interest, compliance with the foreign and domestic Emoluments Clauses of the U.S. Constitution, and any counterintelligence threats arising from links or coordination between U.S. persons and other foreign entities, including any financial or other compromise or leverage over the president and his business interests."

Fairbanks reportedly wrote back four days before the committee's March 25 deadline, explaining that the company would only provide the materials requested if the request was made in the form of a congressional subpoena.

“Given the confidentiality obligations we have as a financial institution, including under state and federal law, we respectfully request that any production of materials be made pursuant to a subpoena rather than an informal request,” he wrote the lawmakers, according to the document obtained by Politico.

Republicans on the committee wrote in a letter to Cummings, according to Politico, that the probes had no merit and were meant to embarrass the president.

“This inquiry does not appear to have a valid legislative purpose and instead appears to request information solely for the improper purpose of exposure and embarrassment,” Reps. Jim JordanJames (Jim) Daniel JordanDemocrats approve two articles of impeachment against Trump in Judiciary vote Democrats object to Meadows passing note to Jordan from dais Live coverage: House Judiciary to vote on impeachment after surprise delay MORE (R-Ohio) and Mark MeadowsMark Randall MeadowsThe Hill's 12:30 Report — Presented by UANI — Sparks fly as House Judiciary debates impeachment articles Democrats object to Meadows passing note to Jordan from dais Meadows says he's advocating for Trump to add Alan Dershowitz to impeachment defense team MORE (R-N.C.) wrote.

Cummings slammed those remarks in a statement to The Hill, accusing GOP members of the committee of attempting to hinder its progress.

“For the second time in two weeks, Republicans have sought to hinder this investigation, undermine congressional authority, and dissuade document custodians from cooperating with the Committee," Cummings wrote.

"The Republicans are treading perilously close to the line now, and they should remember the oath they took to protect and defend the Constitution rather than acting as the President’s defense attorneys," he continued. "The Committee is following up on documents we received that indicate that President Trump paid Michael CohenMichael Dean CohenFormer Trump lawyer Michael Cohen asks judge to reduce sentence Trump request for Ukrainian 'favor' tops notable quote list Karen McDougal sues Fox News over alleged slander MORE out of a Capitol One account, and we are running to ground these and other allegations related to the Emoluments Clause. Our hope is that the Republicans will join us in our search for the truth.”