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1h ago

Fed Governor Lisa Cook Files Detailed Rebuttal, Urges DOJ to Dismiss Mortgage-Fraud Referrals

She remains on the Fed board after the Supreme Court paused her removal pending January arguments.

FILE - Lisa Cook, a Federal Reserve Board of Governors member, reacts during an event at the Brookings Institution, Monday, Nov. 3, 2025, in Washington. (AP Photo/Mark Schiefelbein, File)
Lisa Cook, a Federal Reserve Board of Governors member, reacts during an event at the Brookings Institution, Monday, Nov. 3, 2025, in Washington. (AP Photo/Mark Schiefelbein)
Lisa Cook, a Federal Reserve Board of Governors member, speaks during an event at the Brookings Institution, Monday, Nov. 3, 2025, in Washington. (AP Photo/Mark Schiefelbein)
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Overview

  • In a letter to Attorney General Pam Bondi and DOJ special attorney Ed Martin, Cook’s lawyer Abbe Lowell calls the FHFA referrals from Director Bill Pulte baseless and accuses officials of cherry-picking documents.
  • The defense says loan filings for properties in Ann Arbor, Atlanta and Cambridge were accurate for their time, with an Atlanta form’s “primary residence” entry described as an inadvertent notation contradicted by other contemporaneous documents.
  • The Justice Department is reviewing the matter and has declined public comment, no charges have been filed, and Ed Martin is involved in the examination of the case.
  • President Donald Trump cited Pulte’s allegations to try to fire Cook, but the Supreme Court blocked her immediate removal and will hear the case in January.
  • If Cook were removed, the president could fill her seat and potentially shift the balance of the seven-member Fed board; Pulte has lodged similar referrals against Democrats including Letitia James, Adam Schiff and Eric Swalwell.