Source: Axios
“Federal housing finance regulator Bill Pulte accused Federal Reserve governor Lisa Cook of mortgage fraud and referred her for criminal prosecution. It comes as the president seeks to clean house at the Fed and install governors more to his liking. Pulte, chairman of the Federal Housing Finance Agency, posted on X a letter to the attorney general stating that it appears Cook ‘has falsified bank documents and property records to acquire more favorable loan terms, potentially committing mortgage fraud under the criminal statutes.’ … President Trump appears to be building a case to fire Fed governors for cause as he seeks leadership of the central bank that will cut interest rates and be more responsive to his instincts.” (08/20/25)