Trump attorneys say banks have agreed not to turn over financial records until court ruling

Attorneys for President TrumpDonald John TrumpButtigieg surges ahead of Iowa caucuses Biden leads among Latino Democrats in Texas, California Kavanaugh hailed by conservative gathering in first public speech since confirmation MORE said in a court filing Wednesday that Deutsche Bank and Capital One have agreed not to produce any financial records requested under congressional subpoenas until after a federal judge rules on whether to issue a preliminary injunction in the case.

Trump, his family and his private businesses sued the banks earlier this week to block the subpoenas for the financial records, but this filing indicates that the release of any documents has been put off until a judge makes an initial ruling.

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The president’s attorneys also stated that attorneys for the House plan to intervene in the case as defendants, meaning they will now be the subject of the lawsuit.

Trump’s lawyers said they plan to file a motion for a preliminary injunction by May 3 and can appear in court for a hearing the week of May 20.

This lawsuit was filed late Monday in an attempt to block congressional subpoenas issued by House Financial Services Chairwoman Maxine WatersMaxine Moore WatersWhite House, McConnell come out against House bill on Ex-Im Bank Divides over China, fossil fuels threaten House deal to reboot Ex-Im Bank Hillicon Valley: Lawmakers unleash on Zuckerberg | House passes third election interference bill | Online extremism legislation advances in House | Google claims quantum computing breakthrough MORE (D-Calif.) and House Intelligence Committee Chairman Adam SchiffAdam Bennett SchiffTrump on Schiff: 'He will not make the LSU football team' Trump knocks testimony from 'Never Trumpers' at Louisiana rally Johnson opens door to subpoenaing whistleblower, Schiff, Bidens MORE (D-Calif.) for financial records tied to the president.

The president's lawyers argued that it was an overreach of power by Congress to seek the records and that it was an attempt to attack Trump's reputation ahead of the 2020 election.

House Democrats have criticized the lawsuit as "unprecedented stonewalling."

Trump and his businesses have also sued House Oversight and Reform Committee Chairman Elijah CummingsElijah Eugene CummingsMaloney primary challenger calls on her to return, donate previous campaign donations from Trump Second person heard call suggesting Trump cared more about 'investigations' than Ukraine: AP Brindisi, Lamb recommended for Armed Services, Transportation Committees MORE (D-Md.) to block another congressional subpoena seeking financial records from the accounting firm Mazars.