Key House committee obtains subpoenaed Trump financial documents from two banks: report

The House Financial Services Committee has obtained documents from two financial institutions relating to their dealings with the Trump Organization, according to NBC News.

TD Bank and Wells Fargo, two of nine institutions subpoenaed by the House panel, have complied, with Wells Fargo providing a few thousand requested documents and TD Bank providing a smaller amount, according to NBC, citing a source who had seen the documents.

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“We don't have information to share with you at this time about what we've learned from the documents,” Committee Chairwoman Maxine WatersMaxine Moore WatersHillicon Valley: Facebook unveils new cryptocurrency | Waters wants company to halt plans | Democrats look to force votes on election security | Advertisers partner with tech giants on 'digital safety' | House GOP unveils cyber agenda On The Money: Trade chief defends Trump tariffs before skeptical Congress | Kudlow denies plan to demote Fed chief | Waters asks Facebook to halt cryptocurrency project On The Money: Trade chief defends Trump tariffs before skeptical Congress | Kudlow denies plan to demote Fed chief | Waters asks Facebook to halt cryptocurrency project MORE (D-Calif.) told MSNBC’s “Hardball” on Wednesday.

Waters has also subpoenaed Citigroup, Morgan Stanley, Royal Bank of Canada and Toronto-Dominion Bank, and JP Morgan Chase, with Royal Bank of Canada in the process of complying, according to NBC. The committee set a May 6 subpoena deadline for the documents.

While the subpoenas are not public, they reportedly assert the government has the power under the Bank Secrecy Act to access financial information to investigate potential money laundering, according to NBC.

“The potential use of the U.S. financial system for illicit purposes is a very serious concern,” Waters said in April when she issued the subpoenas. “The Financial Services Committee is exploring these matters, including as they may involve the President and his associates, as thoroughly as possible pursuant to its oversight authority, and will follow the facts wherever they may lead us.”

The news comes the same day a federal judge ruled Deutsche Bank and Capital One may comply with subpoenas by Waters and House Intelligence Committee Chairman Adam SchiffAdam Bennett SchiffHouse votes against curtailing warrantless collection of Americans' data Overnight Defense: Shanahan exit shocks Washington | Pentagon left rudderless | Lawmakers want answers on Mideast troop deployment | Senate could vote on Saudi arms deal this week | Pompeo says Trump doesn't want war with Iran Cracks form in Democratic dam against impeachment MORE (D-Calif.). President TrumpDonald John TrumpGOP senator introduces bill to hold online platforms liable for political bias Rubio responds to journalist who called it 'strange' to see him at Trump rally Rubio responds to journalist who called it 'strange' to see him at Trump rally MORE’s attorneys had requested a preliminary injunction against the subpoenas, saying they would result in in “irreparable harm.”

The Trump Organization did not immediately respond to a request for comment from The Hill.