The Missouri auditor and the state's Division of Finance have an agreement about access to records.
Auditor Tom Schweich had subpoenaed records from the Finance Division, saying he needs access to the documents to determine if bank regulators are doing their jobs properly. The Division of Finance responded that it was barred by law from complying and that workers could be dismissed or prosecuted for releasing documents.
Missouri Auditor Tom Schweich says he’s issuing a subpoena to the Finance Division of the State Department of Insurance, in order to force them to release records on banks, savings and loans, and other financial institutions across the state.
Finance Division officials have so far refused to release documents on their reviews of financial institutions, saying that state law bars them from doing so. But Schweich says the records are needed to see if banking regulators are doing their jobs properly.