Summary
Lisa Cook, a U.S. Federal Reserve Governor, is defending against accusations of fraud related to her mortgage applications, which led to an attempt by President Trump to fire her. Her legal team argues that discrepancies in the loan documents were unintentional and do not constitute fraud. The Supreme Court will review her dismissal case in January.
Key Facts
- Lisa Cook is a U.S. Federal Reserve Governor involved in a legal case over her mortgage applications.
- President Trump attempted to fire Cook due to these fraud claims.
- The accusations came from FHFA Director William Pulte in August.
- Cook’s lawyer claims the discrepancies were either correct at the time or unintentional mistakes.
- The U.S. Supreme Court has temporarily blocked Cook’s firing by President Trump.
- Cook's case will be argued in front of the Supreme Court in January.
- No criminal charges have been filed against Cook as the investigation continues.
