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

Attorneys for President TrumpDonald John TrumpLiz Cheney: 'Send her back' chant 'inappropriate' but not about race, gender Booker: Trump is 'worse than a racist' Top Democrat insists country hasn't moved on from Mueller 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 WatersHillicon Valley: Trump seeks review of Pentagon cloud-computing contract | FTC weighs updating kids' internet privacy rules | Schumer calls for FaceApp probe | Report says states need more money to secure elections Here are the 95 Democrats who voted to support impeachment Maxine Waters says her committee will call in Zuckerberg to testify about Libra MORE (D-Calif.) and House Intelligence Committee Chairman Adam SchiffAdam Bennett Schiff10 questions for Robert Mueller Court filings show Trump, Cohen contacts amid hush money payments House passes annual intelligence bill 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 CummingsCummings: 'No doubt about it' Trump is a racist Cummings asks prosecutors about decision not to charge Trump in hush money probe DHS chief to Pelosi: Emergency border funding 'has already had an impact' MORE (D-Md.) to block another congressional subpoena seeking financial records from the accounting firm Mazars.