Two days after Mehta issued his ruling this week, a judge in NY rejected a similar effort by the president and his family to block their biggest lender and one of their banks from complying with congressional subpoenas.
After a New York-based federal judge on Wednesday ruled that Deutsche Bank and Capital One could provide Donald Trump's financial records to Congress, a CNN reporter said the president's financial documents may be handed over to Democratic lawmakers within seven days.
"That power is broad.' So he's ruling unequivocally that Congress has a right to the documents that the banks have, Deutsche Bank and Capital One, banks that Donald Trump and his family members have done business with for years", she added.
Lawyers for Trump responded in writing that accepting the view of the committees would mean "Congress can issue a subpoena on any matter, at any time, for any reason, to any person, and there is basically nothing a federal court can do about it".More news: CP NewsAlert: Ottawa Senators hire DJ Smith as head coach
In a written submission prior to Wednesday's hearing, lawyers for two congressional committees wrote that Trump's effort to block the subpoenas was "flatly inconsistent with almost a century of Supreme Court precedent".
In seeking a preliminary injunction of the congressional subpoenas, Trump's legal team said they were "invalid and unenforceable because they have no legitimate legislative goal".
Deutsche Bank has always been a principal lender for Trump's real estate business and a 2017 disclosure form showed that Trump had at least $130 million of liabilities to the bank. The House Intelligence and Financial Services committees had issued subpoenas to several banks as part of their investigations of alleged foreign influence on USA elections.
The Trump family lawyers signaled that they will appeal the ruling, but they did not comment after the hearing.More news: AT&T Partners With BitPay To Accept Online Bill Payments in Cryptocurrencies
This affirmation follows the ruling Wednesday by Judge Edgardo Ramos of the District Court for the Southern District of NY that both banks can turn over financial documents related to Trump and his businesses in response to subpoenas from House Democrats.
One question the House hopes to answer: "why were you [Deutsche Bank] lending to Trump when no other bank would touch him", Letter queried.
"The parties have reached an agreement regarding compliance with and enforcement of the subpoenas" while the appeal to the 2nd U.S. Circuit Court of Appeals is pending, the filing said.
Federal election records show that, when he was a partner at the law firm Day Pitney LLP and before he was appointed to the bench in 2011, Ramos sent $350 to Connecticut Democrat Rep. Jim Himes from 2007 to 2008, as well as $500 to elect New York Rep. Nydia Velazquez in 2010.More news: Fujifilm announces 102-megapixel GFX100 medium-format camera
The banks are the only defendants in the case, but the House committees have intervened to oppose Trump's effort to block the subpoenas.
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