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

Attorneys for President TrumpDonald TrumpSunday shows preview: House GOP removes Cheney from leadership position; CDC issues new guidance for fully vaccinated Americans Navajo Nation president on Arizona's new voting restrictions: An 'assault' on our rights The Memo: Lawmakers on edge after Greene's spat with Ocasio-Cortez 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 WatersJuan Williams: Tim Scott should become a Democrat The Hill's Morning Report - Biden address to Congress will dominate busy week Maxine Waters: Judge in Chauvin trial who criticized her was 'angry' MORE (D-Calif.) and House Intelligence Committee Chairman Adam SchiffAdam Bennett SchiffSunday shows preview: House GOP removes Cheney from leadership position; CDC issues new guidance for fully vaccinated Americans Lone wolf actors post greatest domestic terror threat, FBI, DHS conclude State calls for Azerbaijan to pull back forces from Armenia border 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 CummingsOvernight Health Care: AstraZeneca may have included outdated data on vaccine trial, officials say | Pelosi says drug pricing measure under discussion for infrastructure package | Biden administration extends special ObamaCare enrollment until August Pelosi: Drug pricing measure under discussion for infrastructure package Bottom line MORE (D-Md.) to block another congressional subpoena seeking financial records from the accounting firm Mazars.