Trump ousts Fed Reserve Governor Lisa Cook over mortgage fraud allegations
WASHNGTON, D.C.—President Donald J Trump today announced to X the immediate removal of Federal Reserve Governor Lisa Cook, a Biden appointee, “for cause” under Article II of the U.S. Constitution. Although the Board is intended to act independently, a president can remove any governor for inefficiency or misconduct. Cook’s removal is centered on a recent […]
Major US banks considering legal action against federal regulators
WASHINGTON, D.C.—First reported by Semafor on January 11, Bank Policy Institute (BPI), a nonpartisan public policy and advocacy group representing the nation’s leading banking institutions, is gearing up to sue U.S. regulators over proposed rules that would increase capital reserve requirements on banks with total consolidated assets of at least $100 billion. The changes would […]
