Federal Reserve board of governors member Lisa Cook has said she will not step down despite President Trump calling for her to do so. Cook said she had “learned from the media that [Federal Housing Finance Agency (FHFA)] Director William Pulte posted on social media that he was making a criminal referral based on

While potential mortgage fraud is a serious offense, the use of a federal regulatory body to pursue a political appointee has been characterized as an even greater breach of public trust. A criminal referral for alleged mortgage fraud against Federal Reserve Governor Lisa Cook has ignited a firestorm,

President Trump escalated his attacks on the Federal Reserve by demanding the resignation of Fed Governor Lisa Cook over unproven mortgage fraud allegations, which she denies.