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Mortgage Fraud Allegations

All articles tagged with #mortgage fraud allegations

economy1 month ago•3 min saved

Fed Governor Cook Pushes Back as Trump Seeks Ouster Over Mortgage Claims

Federal Reserve Governor Lisa Cook rejected President Trump’s attempt to remove her over mortgage‑fraud allegations, saying there is no legal basis to oust a Fed governor for political reasons. The White House had warned of removal, but a June Supreme Court ruling had already blocked firings at will, underscoring the Fed’s independence. Cook’s lawyers argued the accusations are a pretext to influence policy, as the broader clash between the executive branch and the Fed continues amid past investigations related to Powell’s tenure that were ultimately dropped.

via Al Jazeera|

#donald-trump #economy #fed-independence

politics1 month ago•2 min saved

Fed Governor Lisa Cook defends seat as Trump renews ouster bid

Federal Reserve Governor Lisa Cook defended her role against President Trump’s renewed attempt to remove her, with her lawyer calling mortgage-fraud allegations unfounded; Trump’s push followed a referral alleging she listed two properties as primary residences, though the Supreme Court previously blocked a firing and allowed another challenge. The defense argues the cited acts do not show crime or cause for dismissal and notes Trump’s selective targeting of Cook.

via CNBC|

#donald-trump #federal-reserve #legal-defense

politics-and-policy2 months ago•2 min saved

Trump Relaunches Bid to Remove Fed Governor Lisa Cook

The White House is reviving an unprecedented move to remove Federal Reserve Governor Lisa Cook, sending her a notice that the President is considering removal and giving her 21 days to respond to mortgage-fraud allegations. The letter cites 'cause' and follows a Supreme Court ruling that blocked a prior removal attempt for lack of due process, aiming to satisfy due-process requirements. The deadline is August 26, and Cook's lawyers say the allegations are baseless and will be contested.

via Axios|

#federal-reserve #lisa-cook #mortgage-fraud-allegations

business2 months ago•2 min saved

Trump Resumes Push to Oust Fed Governor Lisa Cook

President Trump is reviving a bid to fire Federal Reserve Governor Lisa Cook over mortgage-related allegations that Cook has denied; a previous firing attempt was blocked in court, and a June Supreme Court ruling allowed the matter to proceed with due process protections. The White House sent a letter demanding Cook explain alleged false statements within three weeks, while Cook's attorney called the accusations baseless and the Fed declined to comment.

via CNBC|

#business #federal-reserve #lisa-cook