US President Donald Trump has accused Federal Reserve Governor Lisa Cook of mortgage fraud over her alleged use of false loan applications to secure better interest rates on a secondary home. The accusation, made by Trump ally Bill Pulte, mirrors previous allegations against high-profile Democrats Adam Schiff and Letitia James, who deny the claims as baseless and politically motivated.
Source: https://www.bloomberg.com/news/articles/2025-08-22/what-is-the-mortgage-fraud-the-fed-s-lisa-cook-is-accused-of