Lisa Cook's attorneys deny that she committed mortgage fraud and filed a 31-page request for a temporary restraining order to block President Trump's attempt to remove her from the Federal Reserve. The filing argues that Cook did not receive proper notice or an opportunity to address the allegations and that the stated reasons would not constitute 'for cause' removal. The allegations followed an August 20 post by FHFA Director Bill Pulte accusing Cook of falsifying loan documents and misdesignating primary residence. Trump called for Cook's removal shortly after, and Cook learned of the posts informally.
Attorneys for Federal Reserve Governor Lisa Cook are denying allegations that the key Fed official committed mortgage fraud. In a Tuesday filing, Cook's attorneys submitted additional arguments in support of a request for a temporary restraining order that would block President Donald Trump's attempt to oust a key member of the Federal Reserve. The attorneys said in the 31-page filing that Cook didn't receive proper due process, including an opportunity to address the allegations made against her, and the justification for her firing wouldn't rise to the level of "for cause" removal.
A White House spokesperson and attorneys for Cook did not immediately respond to a request for comment. On August 20, Bill Pulte, the director of the Federal Housing Finance Agency, published a letter on X that accused Cook of falsifying bank documents and property records to secure a "more favorable" mortgage. In particular, Pulte says Cook improperly designated which of her homes served as a primary and secondary place of residence while filing paperwork for a home loan application. Cook's attorneys said in the Tuesday filing that Trump then called for Cook's removal on his Truth Social account half an hour after Pulte's social media post. "Governor Cook learned of these developments only through the grapevine - no government official gave her notice of these Truth Social posts," the attorneys said.
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