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Thursday Express: Banks allowed to provide Trump records; FDIC settles suit

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Thursday Express: Banks allowed to provide Trump records; FDIC settles suit

* U.S. District Judge Edgardo Ramos in New York rejected President Donald Trump's preliminary injunction request to bar Capital One Financial and Germany-based Deutsche Bank from handing over financial records to lawmakers probing his businesses, saying that Congress has the legal authority to seek the records, Reuters reports.

* Wells Fargo and Toronto-Dominion Bank handed over documents related to their dealings with the Trump Organization to the House Committee on Financial Services, NBC News reports.

* The Federal Deposit Insurance Corp. settled a five-year-long lawsuit with payday lenders over allegations that an FDIC program called Operation Choke Point wrongly forced banks to terminate payday lender bank accounts.

* Many Fed officials believe recent inflation decline must be due to "transitory" reasons but some policymakers worried that the downside risks to inflation have picked up, according to minutes of the Federal Reserve's most recent meeting.

* Dallas Tonsager, chairman of the Farm Credit Administration since 2016, died of lymphoma at 64.

* John McGarry, executive vice president and CFO of Chattanooga, Tenn.-based insurance company Unum Group will retire, effective Oct. 31.