BusinessNews Update

Fed Governor Lisa Cook claimed 2nd residence as ‘vacation home,’ undercutting fraud claims used by Trump to fire her

Federal Reserve Governor Lisa Cook referred to a condominium she purchased in June 2021 as a “vacation home” in a loan estimate, a characterization that could undermine claims by the Trump administration that she committed mortgage fraud. President Donald Trump has sought to fire Cook “for cause,” relying on allegations that Cook claimed both the condo and another property as her primary…

Source: https://fortune.com/2025/09/13/fed-governor-lisa-cook-2nd-residence-vacation-home-trump-fraud-claims/


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