Cook Pushes Back Against Mortgage Fraud Allegations

Federal Reserve Governor Lisa Cook is pushing back against allegations of mortgage fraud made by the Trump administration. In a letter to the White House, her lawyer Abbe Lowell said that attempting to fire Cook on these grounds would 'ignore the facts and the law.'

The allegations stem from claims made by Bill Pulte, head of the Federal Housing Finance Agency, that Cook falsified mortgage documents related to two properties. However, Cook's lawyer argues that she has 'never committed mortgage fraud or any intentional wrongdoing.'

Cook was initially accused of misrepresenting her primary residence on a mortgage document for an Atlanta condominium. Her lawyer claims that this was an 'inadvertent oversight' and that she had previously indicated her primary residence as being in Michigan.

The White House had set an August 26 deadline for Cook to respond to the allegations, but her lawyer argues that attempting to remove her from office based on these claims would be a violation of federal law. The Supreme Court had previously ruled that Cook was entitled to notice and opportunity to respond before being terminated.