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 TrumpBooker hits Biden's defense of remarks about segregationist senators: 'He's better than this' Booker hits Biden's defense of remarks about segregationist senators: 'He's better than this' Trump says Democrats are handing out subpoenas 'like they're cookies' 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 CummingsCummings requests interview with Census official over new allegations on citizenship question Cummings requests interview with Census official over new allegations on citizenship question Top Democrats question legal basis for appointing Cuccinelli as temporary immigration chief MORE (D-Md.), Financial Services Chairwoman Maxine WatersMaxine Moore WatersFacebook's new cryptocurrency raises red flags for critics Facebook's new cryptocurrency raises red flags for critics Facebook's crypto experiment will languish on Capitol Hill MORE (D-Calif.) and Intelligence Chairman Adam SchiffAdam Bennett SchiffHillicon Valley: Senate sets hearing on Facebook's cryptocurrency plans | FTC reportedly investigating YouTube over children's privacy | GOP senator riles tech with bill targeting liability shield | FAA pushed to approve drone deliveries Hillicon Valley: Senate sets hearing on Facebook's cryptocurrency plans | FTC reportedly investigating YouTube over children's privacy | GOP senator riles tech with bill targeting liability shield | FAA pushed to approve drone deliveries Democratic rep warns artificial intelligence is being used to 'target vulnerable populations' 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 JordanCummings requests interview with Census official over new allegations on citizenship question Cummings requests interview with Census official over new allegations on citizenship question House Oversight Republicans release parts of Kobach, Trump officials' testimony on census citizenship question MORE (R-Ohio) and Mark MeadowsMark Randall MeadowsFBI, warned early and often that Manafort file might be fake, used it anyway FBI, warned early and often that Manafort file might be fake, used it anyway Rep. Amash stokes talk of campaign against Trump 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 CohenThe Hill's Morning Report - Trump and House Democrats resume battle The Hill's Morning Report - Trump and House Democrats resume battle House Oversight votes to hold Barr, Ross in contempt 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.”