Appeals court rejects Trump's attempt to block financial records from Congress

Brendan Morrow

An appeals court has rejected President Trump's attempt to prevent Deutsche Bank and Capital One from complying with a congressional subpoena for his financial records.

The House Intelligence and Financial Services issued subpoenas in April for financial records from Trump, his children, and his company, but after a district court judge said the banks can turn over the records and declined to issue a preliminary injunction, Trump filed an appeal, Axios reports.

Now, the Second Circuit Court of Appeals has ruled the banks have to turn over the documents, saying Tuesday that "the public interest in vindicating the committees' constitutional authority is clear and substantial." The New York Times reports, however, that Tuesday's decision came with a "caveat," as "the lower court must consider whether and how the banks disclose a limited set of sensitive personal information to Congress that would have no bearing on government investigations."

This comes as Trump is also seeking to prevent his accounting firm, Mazars USA, from handing over financial records to Congress, with the Supreme Court recently halting a subpoena temporarily. CNBC notes the Deutsche Bank and Capital One case will likely now also head to the Supreme Court.

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