Democratic leaders on three committees in the House of Representatives reportedly asked Capital One to hand over documents related to the Trump Organization, his trust and “other subsidiaries of his financial empire.”
According to Politico, the request was made on March 11 and it came from House Oversight Committee Chairman Elijah Cummings, House Financial Services Committee Chairwoman Maxine Waters and House Intelligence Committee Chairman Adam Schiff.
The report notes that Capital One “was already preserving documents but needs a subpoena in order to comply.”
More from the report:
In a March 21 response to the committee leaders, Capital One executive Brent M. Timberlake said the corporation is “preserving the documents and materials,” but could only turn over the information if the committees issue a 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,” Timberlake wrote.
In their letter to Capital One CEO Richard D. Fairbank, Cummings, Waters and Schiff said their request was related to their committees’ investigations centering on Trump’s “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.”
They specifically named the Trump International Hotel in Washington, D.C., as a “focal point” of their investigation.
Democrats are about to bust Trump’s financial cover-up
All along, one of Donald Trump’s biggest fears was that the American public would get a glimpse behind the curtain of his shady financial dealings.
With Democrats in control of Congress, his fears may finally be realized as House committees do what Republicans refused to do for two years: Use their oversight responsibilities to dig into the president’s businesses.
This week, the House Ways and Means committee fired the first shot in the battle to get Trump’s tax returns. As even Fox News admits, the committee has the power to obtain and publicize the tax documents and Trump is basically powerless to stop them.
The news that Capital One is seemingly cooperating with Democrats on a request to hand over documents related to his businesses is likely to anger Trump even further.
The days of Donald Trump covering up his sketchy business dealings are over.
Sean Colarossi currently resides in Cleveland, Ohio. He earned his Bachelor of Arts degree in Journalism from the University of Massachusetts Amherst and was an organizing fellow for both of President Obama’s presidential campaigns. He also worked with Planned Parenthood as an Affordable Care Act Outreach Organizer in 2014, helping northeast Ohio residents obtain health insurance coverage.