Committee investigates Lisa D. Cook over mortgage statements

Cook: Lisa D. Cook is a Governor on the Board of Governors of the Federal Reserve System. She has been the target of a presidential inquiry into allegations that she made false statements on one or more mortgage applications prior to her confirmation. The current investigation includes plans for an in-person hearing to assess whether cause exists for her removal from the Board. Process: The committee is tasked with reporting findings on whether there is cause for Cook's removal from the Federal Reserve Board under applicable law. Investigation: President Trump established a committee of inquiry to review allegations of false statements by Cook in connection with mortgage instruments and scheduled an in-person hearing on the matter.