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 TrumpGrassroots America shows the people support Donald Trump Trump speaks to rebel Libyan general attacking Tripoli Dem lawmaker: Mueller report shows 'substantial body of evidence' on obstruction 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 CummingsElijah Cummings: 'I am begging the American people to pay attention to what's going on' Nadler: We will subpoena the entire Mueller report early Friday Dem House chairs: Mueller report 'does not exonerate the president' MORE (D-Md.), Financial Services Chairwoman Maxine WatersMaxine Moore WatersDem House chairs: Mueller report 'does not exonerate the president' Live coverage: Frenzy in DC as Congress, White House brace for Mueller report House Dems demand Barr cancel 'inappropriate' press conference on Mueller report MORE (D-Calif.) and Intelligence Chairman Adam SchiffAdam Bennett SchiffMueller's done, and Dems should be too — because Trump is no Nixon Trump blames Obama for 'anything the Russians did' in 2016 election Mueller report poses new test for Dems 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 JordanOvernight Health Care: DOJ charges doctors over illegal opioid prescriptions | Cummings accuses GOP of obstructing drug pricing probe | Sanders courts Republican voters with 'Medicare for All' | Dems probe funding of anti-abortion group Cummings accuses Oversight Republicans of obstructing drug price probe Schumer staffer-turned-wrestling coach focus of new documentary MORE (R-Ohio) and Mark MeadowsMark Randall MeadowsThe Hill's Morning Report — Mueller aftermath: What will House Dems do now? Mueller report poses new test for Dems Washington in frenzy over release of Mueller report 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 CohenNew normal: A president can freely interfere with investigations without going to jail Heavily redacted Mueller report leaves major questions unanswered Mueller report rebuts claim Trump directed Cohen to lie to Congress 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.”