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House Oversight and Government Reform Committee Chairman Elijah E. Cummings, along with two other Democratic Committee chairpersons, sent a letter in early March demanding Capital One Financial Corporation turn over all of President Donald Trump’s financial documents pertaining to trusts, businesses, real estate and any foreign investments, SaraACarter.com has learned.

Cummings, along with Democrat Chairman of the House Intelligence Committee Adam Schiff, D-Ca, and Chairwoman of Committee on Financial Services Maxine Waters, D-Ca, addressed the letter to Richard D. Fairbank, the Chair, Chief Executive Officer, and President of Capital One Financial Corporation.

“We ask that Capital One Financial Corporation provide the requested materials no later than March 25, 2019,” the Democrats stated in their letter, which contained an attachment listing 17 specific entities, accounts or financial holdings. “To expedite our review, we ask that you provide responsive materials, as they are identified, rather than waiting to submit all of them at one time.”

Brent M. Timberlake, Vice President, Senior Associate General Counsel Card Litigation, Subpoena and Intake at Capital One, responded to Cummings demands on March 21.

Timberlake said get a “subpoena.”

“As requested, we are preserving the documents and materials listed in the request attached to your letter,” said Timberlake in a letter. “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.”

Republican members were not consulted on the Democratic inquiry Trump’s financial institution, according to a letter sent by Ranking member Rep. Jim Jordan, R-Ohio and Rep. Mark Meadows, R-NC.

The letter sent by Meadows and Jordan stressed concerns that over the Democrats exceeding their authority in gaining access to the private financial documents.

“We write to express to you our concerns with the inquiry as it exceeds the Committee’s legislative authority under House Rule X,” said Meadows and Jordan, in a letter sent April, 3, 2019 to Capital One Financial Institution. “As we understand the focus of the request, it broadly seeks 15 separate categories and subcategories of material relating to the finances and holdings of business entities previously associated with President Trump.”

Jordan and Meadows note that the “request also seeks all documents provided in response to ‘any request, subpoena, inquiry or investigation, by any U.S. federal or state agency, including, but not limited to, the Office of the Special Counsel Robert Mueller III.”

The Republican members noted that this type of “derivative request is not a best practice and has the veneer of a fishing expedition. Probes aimed simply at harming the electoral prospects of a future candidate for office are improper on their face.”

More importantly, the Meadows and Jordan state that the Democrats appear to be requesting “information solely for the improper purpose of exposure and embarrassment.”

“The Chairs did not consult with the Republican members of the Committee before initiating his inquiry,” they state in their letter. “We understand that your company has replied in writing to the request; however, we believe it is necessary to inform you directly about our concerns with this partisan and improper investigation.”